US: Personal Income rises 0.5% MoM in February vs 0.5% exp., Personal Spending rises 0.2% MoM vs 0.5% exp.

Joel Frank Independent Analyst

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of US data has not provoked a reaction in FX markets, given that market participants are viewing February data as "out of date" given geopolitical developments that took place late last month.

Author

Joel Frank

Independent Analyst

Joel Frank is an economics graduate from the University of Birmingham and has worked as a full-time financial market analyst since 2018, specialising in the coverage of how developments in the global economy impact financial asset

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