In December 2023, personal income in the US increased by 0.3 percent compared to the previous month. This increase was in line with market expectations. In November of the previous year, an increase of 0.4 per cent in personal income was observed. This periodic increase indicates that the American economy is on a stable growth path.
Positive Signals for the US Federal Reserve: Decline in Inflation Indicator
In the same period, personal consumption expenditures increased by 0.7%, exceeding expectations. On the other hand, the core personal consumption expenditures price index, which is closely monitored by the US Federal Reserve (Fed), increased by 2.9% yoy, reaching the lowest level since March 2021. This is seen as a development that strengthens the possibility of the Fed lowering interest rates. Analysts state that this slowdown in the inflation indicator may have a significant impact on Fed policies.
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