US personal income rose 0.2% in February, below expectation of 0.3%. It “primarily reflected increases in wages and salaries, government social benefits to persons, and proprietors’ income ”
Personal spending rose 0.1% in January, below expectation of 0.3%. It “primarily reflected decreases in personal dividend income, farm proprietors’ income, and personal interest income”
Headline PCE slowed to 1.4% yoy in January, down from 1.% yoy, matched expectation. Core PCE slowed to 1.8% yoy, down from 2.0% yoy and missed expectation of 1.9% yoy.
