International Economic
Americans spend at steady clip in November, PCE prices miss forecasts
By Alexander Bueso
Date: Friday 20 Dec 2024
(Sharecast News) - Americans continued to spend at a steady clip last month, while prices rose by a tad less than anticipated.
According to the US Department of Commerce, in seasonally adjusted terms, personal incomes rose at a month-on-month clip of 0.3% during the month of November (consensus: 0.4%).
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