Top
New York  London  GMT  Tokyo  Sydney 

US personal income up 0.1%, spending up 0.5%

By   || March 1, 2010 at 13:30 GMT
|| 0 comments || Add comment

Not good for the savings rate, but good in terms of consumer spending.

The core personal consumption expenditure price index (the Fed’s favorite inflation measure) held steady at 1.4% in January.

The US savings rate fell to 3.3% in January, the lowest since the Lehman bankruptcy. Perhaps this is a sign that the US consumer is on the way back…

Relatively minor data like this will not move the dollar today as there are much bigger fish to be fried by the market (like the pound!).

Share and Enjoy:
  • RSS
  • Facebook
  • Twitter
  • LinkedIn
  • email
  • Print
  • Add to favorites
  • del.icio.us
  • Digg
  • NewsVine
  • StumbleUpon

Add a comment

Comments are closed.

Bottom