In the US, personal incomes rose 0.6% in January, while spending rose 0.2%.
In the US, personal incomes rose, while spending declined. This indicated that the economy was moderate before the advent of coronavirus.
Personal incomes rose 0.6% in January, the best increase in 11 months, according to Commerce Department data. Spending up 0.2 %
The expectation was that revenues would rise 0.4% and spending 0.3%.
The PCE price index, which is also closely watched by the Fed, rose 0.1% month-on-month, and 1.7% year-on-year. The core PCE rose 0.1% month-on-month, from 1.5% year-on-year to 1.6%. The expectation was a 1.7% increase.