U.S. Income Report

By @ibtimes on

The United States released the income report for the month of December, where personal income increased by 0.4%, compared with the prior revised rise of 0.4% and also median estimates of 0.4%, while personal spending increased by 0.7%, compared with the prior revised rise of 0.3% and median estimates of 0.5%.

The report also showed that core PCE, the Fed's favorite gauge for inflation, was flat in December at 0.0%, compared with the prior rise and median estimates of 0.1%, while compared with a year earlier, core PCE, rose by 0.7% compared with the prior and expected rise of 0.8%. The PCE deflator index rose at an annual rate of 1.2%, compared with the prior revised rise of 1.1% and median estimates of 1.3%.

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