The latest U.S. personal income figures came in at 0.3% month-over-month, landing below the 0.4% forecast. Meanwhile, personal spending rose 0.5%, matching expectations perfectly. This data matters because consumer spending patterns directly influence Fed policy decisions and broader market sentiment. When income growth lags expectations while spending holds steady, it often signals households are drawing down savings—a dynamic that historically impacts risk asset valuations, including crypto markets. Traders watching macro trends should keep tabs on these figures; they're early signals of economic momentum shifts that can ripple across all asset classes.