Conf. Board sentiment index continues rise in November

Summary: Conference Board Consumer Confidence Index up in October, below expectations; index at top of range which has prevailed over past two years; short-term US Treasury yields decline, longer-term yield rise; expectations of Fed rate cuts largely unchanged, two more cuts priced in; views of present conditions, short-term outlook both improve; mainly driven by more positive consumer assessments of labour market. US consumer confidence clawed its way back to neutral...

read full story