Consumer Confidence Dips for 2nd Straight Month

The Conference Board, New York, said its Consumer Confidence Index declined in December, the second straight monthly decline economic uncertainty following a resurgence in the coronavirus pandemic.

3Q GDP Advance Estimate Slows to 1.9%

Real gross domestic product increased at an annual rate of 1.9 percent in the third quarter, marking a continued trend of slowing economic growth, the Bureau of Economic Analysis reported in its first (advance) estimate yesterday.