Personal Consumption Expenditure Higher in February
US PCE Index M/M was higher in February up from 0.3% in January to 0.4% in February. PCE Core M/M came in at 0.2% as expected, up from 0.1%, while PCE Core Y/Y was up to 0.9% from 0.8%.
Personal Income missed forecast for 0.4% in February, at 0.3%, down from 1.0% in January, while Personal Spending was up to 0.3% from -0.1%.
EUR/USD initially fell to 1.4027, but has now recovered up to 1.4049 following the data release.
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