r Data released moments ago from the US Bureau of Economic Analysis showed that US personal income rose by $92.0 billion in December, up 0.4% from 0.3% in November, while the US Federal Reserve’s preferred measure of inflation, the Personal Consumption Expenditures (PCE), rose by 0.7% to $133.6 billion from November’s revised reading of 0.6%.
The closely watched index, which excludes food and energy prices, rose by 0.2% on a monthly basis in December, up from 0.1% in November, matching expectations, and settled at 2.8% on a yearly basis, in line with November’s reading and in line with expectations.
31/01/2025
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