Is consumer confidence softening?
WEEKLY MARKET COMMENTARY |
Following the latest health care debacle out of Washington D.C., forward-looking investors will likely be focusing on the growing difference between soft sentiment data and hard data to ascertain the direction of the economy in the first half of the year.
This week investors will get a spate of consumer confidence data, housing data, the pace of initial jobless claims, inflation, spending and a last look at gross domestic product (GDP) for 2016. The Federal Reserve will send 10 speakers to the markets to express their views on the economy and the path of monetary policy, with Janet Yellen’s talk on Tuesday, March 28, likely receiving the lion’s share of attention. On the global scene, the Canadian GDP publication on Friday, March 31, and the Bank of England’s financial policy committee statement on Monday, March 27, will be released.