U.S. Households Boost Spending, Initial Jobless Claims Spike
Households increased their spending in December with personal consumer expenditures (PCE) increasing 0.2% after a 1.0% gain in November. Market expectations had been for a rise of 0.1%. Personal income was up 0.5% slightly higher than market expectations, while the core PCE deflator was up 0.2% in the month and…
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