U.S. Consumer Spending Closes 2023 with a Bang, Defying Expectations 

Personal income grew 0.3% month-on-month (m/m) in December, a small step down from November’s 0.4% gain and in line with market expectations. Accounting for inflation and taxes, real personal disposable income rose 0.1% m/m, a slowdown from the upwardly revised 0.5% in November (0.4% previously.) Personal consumption expenditures rose 0.7% m/m, an acceleration from the […]

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