Here comes consumer confidence ...
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Economists forecast that the index of confidence rose to 101.5 from 98.6, according to Bloomberg.
This is the first full report from the Conference Board since the US election earlier in November.
The University of Michigan's report showed a post-election jump in confidence. The consumers that were surveyed were relieved that the whole thing was finally over. They also became more optimistic about economic growth and about the prospects for their personal finances.
Consumer-sentiment readings can provide insight into the underlying health of the labor market, according to Joseph LaVorgna, Deutsche Bank's chief US economist. There's a close correlation between consumers' views on how easy it is to get jobs, which the Conference Board provides, and the unemployment rate, he said in a note on Monday.
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