International Economic

US consumer spending accelerates in December, price gains ebb

By Alexander Bueso

Date: Friday 31 Jan 2025

(Sharecast News) - Americans spent more freely at the tail-end of 2024, while price pressures ebbed as forecast.
According to the Department of Commerce, in seasonally adjusted terms personal incomes grew at a month-on-month pace of 0.4% (consensus: 0.4%).

Personal consumption expenditures meanwhile were up by 0.7% (consensus: 0.5%), following...

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