US data was a mixed bag – Westpac

By FXStreet Research Team at Westpac, notes that the US data on Friday was a mixed bag.

Key Quotes

“US personal income rose 0.4% in March (vs 0.3% expected), but personal spending rose only 0.1% (vs 0.2% expected) with vehicle spending a factor. The savings rate thus rose to 5.4%, helping household balance sheets further.

The Fed’s preferred inflation measure, core PCE deflator, slipped from 1.7% to 1.6% y/y as expected. The employment cost index rose 0.6% in Q1, also as expected.”
For more information, read our latest forex news. …read more

Source:: FX Street