top of page
  • Ballestas Group
    • Dec 26, 2022
    • 1 min read

Consumer Confidence Improves Going into Last Trading Week

Updated: Dec 27, 2022

The Senate approved the budget for fiscal year 2023, which contemplates spending of USD 1.7 trillion. It includes a defense budget valued at USD 858,000 million and 800,000 million in other items. This represents an increase of 9.3% over the previous year.

The Bureau of Economic Analysis of the US Department of Commerce upwardly revised the GDP estimates for the third quarter. The first estimate had been 2.6%, later revised to 2.9%, to finally settle at 3.2%, exceeding consensus forecasts, which expected it to remain at 2.9%.

Home sales fell 35.1% in November, the biggest drop recorded by Redfin Corporation, a company in charge of analyzing real estate brokerage in the United States.

The consumer confidence index, prepared by the Conference Board, shot up with a jump from 101.4 in November, to 108.0 for December.


Click Here

0 views0 comments

Recent Posts

See All

Negotiations on the debt ceiling continued during the week. On the investor side, concerns that the US Treasury will default on its obligations and stop paying its obligations in June have diminished.

Expectations are increasing that the FED will halt the rate hike at the next monetary policy meeting, given the April inflation data and the lag between monetary policies and their effects on price le

bottom of page