Consumer spending slows at the start of 2024
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Consumer spending in the US has slowed at the beginning of 2024, according to the PCE inflation report. The report indicates that consumer spending has not met expectations, leading to concerns about the state of the economy. The data reflects the month of January and shows a decrease in consumer spending compared to previous months. This slowdown in spending could have implications for the financial markets and overall economic growth. The report suggests that inflation data has met expectations, but the focus remains on the decline in consumer spending.

#ConsumerSpending #PceInflationReport #UsEconomy #FinancialMarkets #EconomicGrowth

https://www.marketwatch.com/livecoverage/pce-inflation-for-january-s-p-500-futures-slip-ahead-of-key-report/card/consumer-spending-slows-at-the-start-of-2024-H9kyksIgnS80VrvxCD38