US consumer confidence crashes to four-month low

23.12.2020 - Petr Mazaylo
US consumer confidence crashes to four-month low

U.S. consumer confidence unexpectedly dropped in December, posting a four-month low. This is amid the resurging coronavirus infections that are pushing more states to re-impose tight restrictions on businesses and travel.

Based on the report released on Tuesday, the Conference Board index plunged to 88.6 from a downwardly revised 92.9 reading last month. The December reading fell below all expected figures predicted by Bloomberg economists which posted a 97.0 mark.

The measure of expectations increased while a gauge of sentiment about current conditions dropped.

Meanwhile, outgoing President Donald Trump threatened on Tuesday to not sign the $892 billion COVID-19 relief package that includes much-needed money for individual Americans, stating that it should be amended to raise the amount in the stimulus checks.

Risk disclaimer "PROMETHEUS LTD – Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH96960 is a financial services institution outside the European Union Area, which is subject to the supervision of the IFMRRC Certificate 0395 AA V0155 Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. 70% of trading deals can be unprofitable. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. This Website may contain information in particular regarding financial services and products that could be regarded b a E.U. supervisory authority as an offer of financial services targeted in Europe. ESMA intervention measures do not apply to customers of PROMETHEUS LTD and it is your responsibility to choose a company which is most suitable for your trading needs. By clicking continue you confirm that you have read, understood and agree to the risk disclosures, terms of service, cash policies, privacy policies and this notice and that you are visiting this website on your own initiative, without any encouragement whatsoever from umarkets.ai or PROMETHEUS LTD." Cookies notification: We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we assume that you are happy with it. Read more. Continue
×

Help with deposit?