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US: Spending Slows, PCE Deflator Rises Less Than Expected

US: Spending Slows, PCE Deflator Rises Less Than Expected
Personal income growth accelerated to 0.3% month-on-month (m/m) in February, from 0.6% m/m in January, but above market expectations for a more modest gain of 0.2% m/m. Compensation of employees (+0.3% m/m) accounted for most of the growth. Subtracting inflation and taxes, real personal disposable income rose 0.2% m/m in February, slowing from an upwardly […] The post US: Spending Slows, PCE Deflator Rises Less Than Expected appeared first on Action Forex... Read More
Posted: Mar 31 2023, 13:33
Author Name: actionforex
Views: 102649

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