Monitor the US RCM/TIPP Economic Optimism index, a key gauge of consumer sentiment influencing market trends.
A reading above 50.0 reflects optimism, while a value below suggests pessimism. The source does not specify a precise release time; this event will be tagged as 'Tentative' until the data is available.
What it Measures
This metric represents the level of a diffusion index derived from consumer surveys.
Usual Effect
When the 'Actual' figure exceeds the 'Forecast', it tends to be beneficial for the currency.
Source & Frequency
RealClearMarkets (latest release) - https://www.realclearmarkets.com/ • This data is published monthly, typically at the beginning of the month.
How Data is Derived
Survey of about 1,500 consumers which asks respondents to rate the relative level of economic conditions including six-month economic outlook, personal financial outlook, and confidence in federal economic policies
Also Known As
RCM/TIPP Consumer Confidence
Acronym
RealClearMarkets (RCM), TechnoMetrica Institute of Policy and Politics (TIPP)