• Prior 85.2. Revised to 86.4
  • Current conditions 88.3 vs 85.1 prior. Revised to 86.3
  • Expectations 92.7 vs 85.2 prior. Revised to 86.4
  • Jobs hard to get 30.7 vs 31.8 prior. Revised to 30.7
  • 1 year inflation exp 5.4% vs 5.5% prior

Dollar getting a lift back above 102 to 102.06 while the euro looks sicker and sicker as it falls to 1.3411

Consumer confidence is at the highest since October 2007. Oh how Europeans look on enviously.

US consumer confidence 29 07 2014

US consumer confidence 29 07 2014

As we’ve seen from the recent retail sales and durable goods data the confidence is still not fully manifesting itself into dollars and cents at the tills. That said, those numbers lag this report somewhat so it could point to an uptick when we get the July retail and durable numbers.