Personal income rises 10% in January and spending 2.4%, in line with expectations

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The personal income and spending report for January showed mixed figures, without departing from what was expected. Among the most important data is that of Underlying Index of Personal Consumption Spending, a measure of inflation closely followed by the Federal Reserve, which showed a rise of 0.3% in January above the 0.2% of the market consensus. Compared to a year ago, the index was up 1.5%. The normal index also rose 0.3%.

The personal income in January it rose 10%, slightly above the 9.5% expected increase, and significantly higher than the 0.5% of the previous month. The personal expense advanced 2.4%, just below 2.5% of the average of analyst estimates.

The data did not have a major impact on the market. The dollar it fell slightly after them but remains in positive territory, favored by a deterioration in the mood of the markets.

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