December Consumer Confidence Disappoints at 89.1, Signaling Economic Weakness
CNBC TelevisionDecember 23, 20251 min4,078 views
2 connectionsΒ·4 entities in this videoβDecember Consumer Confidence
- π The December consumer confidence index from the Conference Board came in at 89.1, missing the expected 91.0 and marking a disappointment.
- π This figure is an improvement from the revised 92.9 of the previous month, which was the best reading since October's 95.
Present Situation and Expectations
- β οΈ The present situation index registered 116.8, a significant miss and the weakest reading since February 2021.
- π Expectations for the future came in at 70.0, matching the revised 70.7 from the previous month, which were the best readings since October.
Manufacturing and Services Data
- π Richmond Fed Manufacturing data showed a reading of -7, the weakest since October.
- ΰ¦ͺΰ¦°ΰ¦Ώΰ¦·ΰ§ΰ¦¬ΰ¦Ύ The services sector also showed weakness with a reading of -11, also the weakest since October.
Market Reaction and Yield Curve
- π The 10-year Treasury yield hit 4.20%, approaching a 3.5-month high.
- π The 2-year yield was trading at 3.54%, up three basis points.
- βοΈ The yield curve has flattened by approximately 1.5 basis points.
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Whatβs Discussed
Consumer ConfidenceConference BoardEconomic DataRichmond Fed ManufacturingServices SectorYield Curve10-Year Treasury Yield2-Year Treasury YieldEconomic Weakness
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