The 'Personal Spending MoM' (Month-over-Month) in the USA measures the change in the amount of money spent by consumers on goods and services compared to the previous month. It is a critical indicator of consumer demand and overall economic health, as consumer spending accounts for a significant portion of the U.S. GDP. A higher-than-expected increase in personal spending can signal economic growth and potentially lead to inflationary pressures, influencing monetary policy decisions by the Federal Reserve. Financial markets closely monitor this data as it can impact stock prices, bond yields, and currency values.
The 'Personal Spending MoM' (Month-over-Month) in the USA measures the change in the amount of money spent by consumers on goods and services compared to the previous month. It is a critical indicator of consumer demand and overall economic health, as consumer spending accounts for a significant ...