【CNBC】Key Fed inflation measure eased in December while consumer spending also declined

• Core PCE inflation, the Fed’s preferred measure, rose 4.4% from a year ago, its smallest annual increase since October 2021.
• Consumer spending, however, dropped 0.2%, pointing to an economy that was grinding to a halt as 2022 closed.
• Personal income increased 0.2% for the month, as expected.

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