FX & CFD trading involves significant risk
Economists were forecasting a deficit of closer to $1 billion.
The December deficit was also the lowest December number since 2007, reports Bloomberg.
It's worth noting that monthly numbers are noisy, and that seasonal factors tend to be considerable in December.
Regardless, this is an encouraging sign. Receipts were $269.5 billion while the spending was $269.7 billion. This is important to remember, because budget deficits and surpluses aren't just about spending levels. Indeed, growth plays just as important a role.
All posted material is a marketing communication solely for informational purposes and reliance on this may lead to loss. Past performance is not a reliable indicator of future results. Please read our full disclaimer.