The U.S. consumer confidence fell to a four-month low of 88.6, down from a revised reading of 92.9 in November, according to The Conference Board press release. The consumer index was below expected 97 amid surging COVID-19 cases. The overall gauge of expectations rose in December, but the measure of sentiment about current conditions worsened.The consumers claiming business … [Read more...] about Consumer Confidence Falls to a Four-Month Low in December
Existing Home Sales Slows by 2.5% in November, but Remains Higher than Prior Year
U.S. existing-home sales fell to a seasonally adjusted annual rate of 6.69 million, down 2.5% from October, according to the National Association of Realtors press release. November’s existing home sales were 25.8% higher than last year but slightly below forecasted 6.7 million. The median existing-home price was $310,800, up 14.6% from November 2019, the fourth straight … [Read more...] about Existing Home Sales Slows by 2.5% in November, but Remains Higher than Prior Year
U.S. Records Increases in GDP in Third Quarter 2020
U.S. real gross domestic product (GDP) rose at an annual rate of 33.4% in the third quarter of 2020, according to the Bureau of Economic Analysis press release. The rise was an improvement from the second quarter, where real GDP fell by 31.4%. Current dollar GDP rose by 38.3% annual rate, or $1.65 trillion, in the third quarter to $21.17 trillion, up from a decline of … [Read more...] about U.S. Records Increases in GDP in Third Quarter 2020
The 5 Types of Forex Trading Accounts
The variety of forex trading accounts is just as diverse as in the banking sector. As banks create different products to suit particular clients, brokers also attempt to do the same. Aside from a standard live account, opportunities exist for non-trading individuals to invest in forex through the use of PAMM or copy trading. For the trading individuals, there are a few … [Read more...] about The 5 Types of Forex Trading Accounts
U.S. Congress Set to Vote on $900 Billion Relief Package, but Fights Linger
The U.S. House and Senate will vote on Monday on a $900 billion pandemic relief package alongside a $1.4 trillion measure for government funding, reports Bloomberg. The relief and funding end days of intense negotiations amidst possible rifts with the Fed. On Sunday, the House and Senate passed a one-day continuing resolution to keep the government open through Monday at … [Read more...] about U.S. Congress Set to Vote on $900 Billion Relief Package, but Fights Linger
