It is a similar story for the United States who will be releasing their latest personal income and personal spending data on Friday.
In the previous data, personal income in the US climbed a gentle 0.2% (in December 2022) following a downwardly revised 0.3% increase in November. This pointed to the smallest gain since April 2022, and markets anticipate that this Friday’s figures will continue to climb (+0.7%.)
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