US Personal Spending MoM (Jan) M/M 0.4% vs. Exp. 0.3% (Prev. 0.4%, Low. 0.0%, High. 0.6%)
The January personal spending data printed a 0.4% increase, beating expectations of 0.3%.
US Secretary of War Hegseth says that there is no clear evidence that Iran has laid mines in the Strait of Hormuz
Daily US Equity Opening News - ADBE falls after announcing CEO to step down; META delays Avocado AI model
US Personal Spending MoM (Jan) M/M 0.4% vs. Exp. 0.3% (Prev. 0.4%, Low. 0.0%, High. 0.6%)
NBP's Maslowska says the Bank may only hike if CPI shocks are sustained
General Caine says US forces are continuing to go after Iran's mine-laying capabilities
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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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