consumer sentiment

Market events to watch this week

Thursday morning, Treasury Secretary Steven Mnuchin told CNBC that we could expect “significant” tax reform by August, including

Consumer spending in the U.S. unexpectedly dropped in September as incomes rose at the slowest pace of the year, indicating the economy will have difficulty sustaining a pickup in growth into the end of the year.
What’s likely adding to investors’ nervousness is whether the latest reading for retail spending marks the end of the near 45-degree rise since March 2009 that coincides with the onset of the bull market.
Americans are paying more at gas pumps and grocery-store checkout lines, underscoring the need for bigger wage gains.
American consumers in 2013 were more upbeat than at any time in the previous six years as views on the economy, finances and the buying climate improved.
Consumer confidence in the U.S. rose to a five-month high in December, indicating Americans will keep spending early next year.
Merkel reaches coalition agreement, heightening confidence
Consumer confidence unexpectedly cooled in July as Americans became less optimistic about the outlook for the economy.
Consumer sentiment fell less than forecast in June from an almost six-year high a month earlier as Americans grew more upbeat about the economic outlook.