U.S. Income Report

By @ibtimes on

The U.S. released the income report for the month of February, where personal income increased by 0.3 percent, compared with the prior revised rise of 1.2% and the expected 0.4%, while personal spending increased by 0.7% better than the prior revised estimate of 0.3% and the expected rose of 0.5%.

Meanwhile, the Fed's favorite indicator for inflation, core PCE, increased in February by 0.2% in line with expectations as well as the prior revised rise, while compared with a year earlier, core PCE, increased by 0.9 percent in line with expectations and compared with the prior rise of 0.8%, and finally, the PCE deflator index increased at an annualized of 1.6 percent in line with expectations and following the prior rise of 1.2%

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