July consumer confidence inches higher
There isn't a heck of a lot that's interesting in the details of the report. Most indicators were up or down by small amounts. Plans to buy major appliances sank again, as did plans to buy a car, though the percentage of those who said they would buy a house in the next six months rose to 2.7 from 2.4. Consumer said they are expecting an inflation rate of 7.6% over the next year, down slightly from 7.7% a month earlier.
That said, early dollar strength has accelerated a bit on the number (Dollar Index up 49 bps at last count), while the bonds have weakened to the day's low (-18/32 on the long bond futures).