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Home page » Forex Trading » The Weak Labor Market Pulled Personal Income and Spending Down

 
The Weak Labor Market Pulled Personal Income and Spending Down Forex Trading
 
Personal income fell 0.2 percent in November and spending dropped 0.6 percent as the job market continues to deteriorate. With consumers pulling back, the saving rate rose, increasing to 2.8 percent on the month. The core PCE deflator, the Fed's preferred measure of inflation, is now up 1.9 percent year-over-year.

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