The U.S. economy started the year on a stronger footing than it ended 2015, suggesting American consumers are brushing off market jitters about plunging oil prices and slowing global growth.

Consumer spending grew in January at the fastest clip in eight months, new data showed Friday, as a strong job market and robust wage gains boosted Americans’ propensity to spend. Inflation also ticked higher, a positive sign for Federal Reserve officials considering whether the U.S. economy can withstand higher interest rates.

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