US: Spending Lose Momentum, Core PCE Deflator Eases.

Personal income advanced 0.4% month-on-month (m/m) in November, above market expectations for a more modest gain of 0.3% m/m. Compensation of employees (+0.5% m/m) and personal income receipts on assets (+0.5% m/m) accounted for most of the strength in personal income. Controlling for inflation and taxes, real personal disposable income was up a healthy 0.3% m/m […]

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