Halister News

(Bloomberg) -- University of Michigan consumer sentiment index seen at 94.5 in December vs 93.8 in November (forecast range 92.5 to 97.5); based on random sample of households.

• Data could indicate whether October and November gains have staying power, Bloomberg Intelligence economists say, noting that “in the past, post-election swings proved to be relatively short-lived”
  • Wholesale inventories seen falling 0.4% in final Oct. est., same as prior report (forecast range -0.4% to +0.2%); wholesale inventories account for ~30% of total business inventories
  • Wholesale inventories have contracted since July