US - Personal income and outlays for February
Consumption spending and personal income increase more that expected in February.
Official press release
- Consumer real spending grew 0.2% after a 0.3% hike in January.
- Personal income rose by 0.6% mainly from an jump in transfers.
Bad news for M. Bernake as inflation remain out of the Fed comfort zone.
- PCE inflation at 2.4% on a year on year basis.
Official press release
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