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US Personal Spending MoM (Jan) M/M 0.4% vs. Exp. 0.3% (Prev. 0.4%, Low. 0.0%, High. 0.6%)

Newsquawk Staff ·

US Personal Spending MoM (Jan) M/M 0.4% vs. Exp. 0.3% (Prev. 0.4%, Low. 0.0%, High. 0.6%)

What it means

The January personal spending data printed a 0.4% increase, beating expectations of 0.3%. This indicates stronger consumer activity which could suggest resilience in the economy, potentially influencing the outlook for inflation and monetary policy actions in the coming months.

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