While the Commerce Department released a report on Friday showing U.S. personal income increased by much more than expected in the month of January, the report also showed a smaller than expected uptick in personal spending.
The report said personal income climbed by 0.6 percent in January after inching up by a downwardly revised 0.1 percent in December.
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Business News
April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.