Personal spending for December 2020 -0.2% vs. -0.4% estimate. Personal income +0.6%

Personal income and personal spending for December 2020
– Personal income +0.6% vs. +0.1% estimate. Last month -1.1% revised to -1.3%
– Personal spending -0.2% vs. -0.4% estimate. Last month -0.4% revised to -0.7% in November.
Inflation:inflation data still remains will below 2% target. Personal spending now down for the 2nd consecutive month after 6 positive months from