US consumers kept their wallets in their pockets in September as spending fell 0.5%. Incomes were unchanged. The savings rate edged up to 3.3% from 2.8% in August.
Core PCE, the Fed’s favorite inflation measure, was up 0.1%. versus 0.2% expected.
North of the border, GDP in Canada fell 0.1% in August from July. The market expected a 0.1% rise.
NY NAPM dipped to 60.8 in Oct from 72.9 in September.
Employment costs were as expected, up 0.4% in Q3.
EUR/USD is a shade firmer after the data. up to 1.4813.
