Personal spending rose 0.6% in March while income rose 0.3%. The Core personal consumption expenditures price index rose a scant 0.1% in March after not rising at all in February.
The US savings rate is falling again, down to 2.7%, a sign that the recession’s grip on the economy is loosening. It is also very difficult to balance the globe’s books with a US savings rate that low…
EUR/USD us little changed at 1.3241, USD/JPY is near session highs of 94.49.
