Personal Income in the US rose by 0.5% MoM in February whist Personal Spending rose by 0.2%, the latest data release by the Bureau of Economic Analysis and Department of Commerce showed on Thursday. The latter thus came in in line with the expected gain of 0.5% MoM, while the former came in lower versus the expected MoM gain of 0.5%.
Market Reaction
The latest batch of US data has not provoked a reaction in FX markets, given that market participants are viewing February data as "out of date" given geopolitical developments that took place late last month.
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