January Sees MASSIVE Spike In Personal Income, But Spending Is Behind Expectations

automated shopping, ap

Photo: AP

The number:Income spiked 1% in January. But spending was just up 0.2%.

As Steve Liesman points out, inflation-adjusted, this spending number was actually negative.

The full news release is here.

The market isn’t moving too much.

Background: Analysts looking for 0.3% gain in spending.

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