5 Stocks to Buy on Steady Rise in Personal Spending, Income

Americans are spending lavishly, driven by a rise in personal income and waning fears of a recession as inflation continues to ease. Although personal consumption expenditure (PCE), an important gauge for the Fed, increased marginally in December, people are a lot more confident that the economy will make a softer landing, which is lifting their confidence.The Commerce Department said on Jan 26 that consumer spending increased 0.7% in December, higher than the consensus estimate of 0.5%. Also, personal inco ...