Labor market strength is at at the forefront of a week packed with major economic news, including daily volatility in mortgage markets.
Although this week contained little new data, the European Central Bank (ECB) raised interest rates to their highest levels since 2011.
Low consumer confidence should be no surprise with the continuously rising rate of inflation and interest rates. The monthly report on consumer confidence published by the Conference Board has been receiving more attention lately, since it may provide information on upcoming spending habits.
At its Wednesday meeting, the U.S. Federal Reserve tightened monetary policy by a massive amount, while other global banks fight inflation.