The report of income and personal expense January showed mixed figures, while indicators of inflation of the report showed higher than expected increases. The dollar appreciated after the report.
He personal expense it rose 1.8% in January, exceeding expectations for a 1.3% advance, and after falling 0.1% in December. Personal income registered an advance of 0.6%, less than the expected 0.9%.
He personal consumption expenditure price index It rose 0.6% in January, higher than the 0.5% market consensus, and 5.4% from a year ago, up from 5.3% in December. the important underlying spending price index had an advance of 0.6%, higher than the 0.4% expected. In turn, the December rise of 0.3% was revised to 0.4%. The interannual rate went from 4.6% (revised from 4.4%) to 4.7%, against the expectation of a drop to 4.3%.
Following the data, Treasury yields set new highs, with the 2-year yield reaching 4.77%, the highest since November 4. The dollar appreciated throughout the market, although after a few minutes it had erased part of the advance. The University of Michigan home sales and consumer confidence reports will be out later on Friday.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
