US personal income dropped -7.1% in February, or USD -1517B, close to expectation of -7.2%. Spending dropped -1.0%, or USD -149B, below expectation of -0.8%.
Headline PCE price index accelerated to 1.6% yoy, up from 1.4% yoy, matched expectation of 1.6% yoy. Core PCE price index slowed to 1.4% yoy, down from 1.5% yoy, missed expectation of 1.5% yoy.
