Fed’s Favorite Inflation Signal Prints Hot As Americans’ Spending Surged In Jan
February 24, 2023 at 08:39 AM EST
After two months in a row of MoM declines in spending, consensus forecasts both spending and incomes grew MoM in January and they were right but income grew by only 0.6% (+1.0% exp) while spending rose more than expected (+1.8% vs +1.4% exp). That is the biggest monthly jump in spending since March 2021… Source: […] Source
