U.S. | Personal Income and Spending Rise in February
Published on Monday, March 28, 2016 | Updated on Tuesday, March 29, 2016
U.S. | Personal Income and Spending Rise in February
Consumer spending increased 0.1% MoM in February, driven by spending on services. Core PCE inflation remained at 1.7%, which should be encouraging for the Fed. Labor market strength should lead to stronger income and consumer gains going forward
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