US Personal Income Increased Again in February, but This Is the Last Time - Forex News by FX Leaders

US Personal Income Increased Again in February, but This Is the Last Time

Posted Friday, March 27, 2020 by
Skerdian Meta • 1 min read

The personal income has been quite impressive in the last several months in the US. The December report showed a 0.5% increase for November, in December the increase was by 0.2%, while in January and February the income increased by 0.6%, beating expectations of 0.4%, as today’s report showed. Below is the personal spending and personal income report for February:

  • US February personal spending +0.2% vs +0.2% expected
  • January personal spending stood at +0.2%
  • Personal income +0.6% vs +0.4% expected
  • January personal income +0.6%
  • PCE deflator m/m +0.1% vs +0.1% expected
  • PCE deflator y/y +1.8% vs +1.7% expected
  • PCE core deflator m/m +0.2% vs +0.2% expected
  • PCE core deflator y/y +1.8% vs +1.7% expected

So, it seems like the US economy was on the right track until February, as the trade war between US and China eased,with income increasing considerably in the last four months. Inflation is a bit higher as well. But, that’s the last normal month we will see in quite some time, I hope not too long, but no one knows. The data for March will be horrible after the shut-down, as we now know.

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About the author

Skerdian Meta // Lead Analyst
Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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