Personal income grew 1.0% month-on-month (m/m) in January, a sizeable increase from December’s 0.3% gain, and above market expectations for a 0.4% increase. Accounting for inflation and taxes, real personal disposable income was flat on the month relative to 0.2% growth in December. Personal consumption expenditures rose 0.2% m/m, a notable deceleration from 0.7% growth […]
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