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US Consumer Spending Falls 0.6% in December

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Assessment of interest rates on deposits and loans. Consumer sentiment of the population. The level of the economy and the debt load of the population. Profit analysis. Budget planning. Analytics

US consumer spending dropped in December, signaling the economy lost momentum heading into the New Year amid supply chain constraints.

Source: US Department of Commerce.

DXY up +0.03%, EUR USD up +0.04%

Consumer spending, which accounts for nearly 75% of US economic activity, fell 0.6% last month after posting a 0.4% gain in November.

The personal consumption expenditures (PCE) price index rose 0.4% after increasing 0.6% in November. That was the largest advance since 1982 and followed a 5.7% YoY increase in November.

The PCE price index, excluding the volatile food and energy components, increased 0.5% after a similar increase in November.

The so-called CORE PCE price index grew 4.9% year-on-year in December, the biggest surge since 1983. The core PCE price index expanded 4.7% in the 12 months through November.

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