US personal income rose 0.6% mom in Dec, spending dropped -0.2% mom

<p>US personal income rose 0.6% mom, or USD 116.6B in December, well above expectation of 0.1% mom. Spending dropped -0.2% mom, or USD -27.9B, versus expectation of -0.40% mom. Headline PCE pride index accelerated to 1.3% yoy. Core PCE price index accelerated to 1.5% yoy. Full release here.</p>
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