US: Consumer confidence is the key economic release today – Danske Bank

The research team at Danske Bank points out that in the US, Conference Board’s consumer confidence data for April is due and will be the key economic release for today’s US session.

Key Quotes

“The indicator is at very high levels and although we do not expect to see a significant decline, we would also not be surprised to see a small decline given the historically high levels. In general, we have seen a divergence between 'hard' and 'soft' data in recent months, when soft data has been strong and hard data weak. Soft data indicates growth in the region of 1.5-2.0%, while the Fed Atlanta GDP nowcast shows growth in Q1 of 0.5% q/q AR.”