Both personal income and spending rose in February. Personal income advanced by robust 0.8% month-over-month (m/m), which was stronger than consensus expectations for a 0.4% m/m gain. Consumer spending increased by 0.4% on the month – an acceleration following a lackluster performance in January (revised to -0.3% m/m). Despite the rebound, February’s outturn was softer […]
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