U.S. Consumer Spending Starts the Year on a Weak Footing, While Income Growth Picks Up

Personal income rose strongly in January, increasing by 0.9% month-over-month. Meanwhile, consumer spending took a breather. Following a streak of strong gains in a prior four months, nominal spending edged lower by 0.2% m/m. The volume of spending (which excludes the impact of inflation) pulled back more strongly, declining by 0.5% m/m. The volume of […]

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