WASHINGTON — The U.S. December personal income report shows little momentum in the economy.

December personal income printed up 0.5%, personal consumption expenditures rose 0.2% — the smallest gain since September 2006, illustrating the economic slowdown — and core PCE prices climbed 0.2% for a steady 2.2% increase over the year.

These data are already incorporated into the fourth quarter GDP report, which showed very slow 0.6% real growth.

— Market News International

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