- The important indicator of inflation rises 0.3% in December.
- Personal income climbs 0.2% and personal spending falls 0.2%.
- The dollar falls modestly after the publication of the data.
i’s reportpersonal income and spending December showed numbers mostly in line with expectations, which made the market impact limited.
The personal consumption expenditure price index it rose 0.1% in December and 5% from a year ago. For his part, the core index, which is closely watched by the Federal Reserve as a measure of inflation, rose 0.3% in December, more than 0.2% of the market consensus. The underlying annual rate fell from 4.7% in November to 4.4% in December, the lowest level in more than a year.
The personal income it climbed 0.2% in December, in line with expectations. This represents a lower number than the 0.3% in November. It is the lowest increase since April 2022.
The personal consumption spending it was down 0.2%, worse than the expected decline of 0.1%. It follows a 0.1% drop in November. It’s the worst read in a year.
The dollar did not have large variations after the data, initially fell back, but was recovering lost ground. There were no big surprises with the figures, which favored the existence of a limited impact.
Later on Friday, at 15:00 GMT, the final figures from the University of Michigan Consumer Confidence Report and Pending Home Sales Change will be released. Next week will be the monetary policy meeting of the Federal Reserve.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.