US Personal Spending MoM (Feb) M/M 0.4% vs. Exp. 0.5% (Prev. 0.4%)
US personal spending for February came in at 0.4%, slightly below the expected 0.5%.
US PCE Prices QoQ Final (Q4) Q/Q 2.9% vs. Exp. 2.9% (Prev. 2.8%)
US Initial Jobless Claims (Apr/04) 219k vs. Exp. 209k
US Personal Spending MoM (Feb) M/M 0.4% vs. Exp. 0.5% (Prev. 0.4%)
China’s foreign minister says top leaders’ strategic guidance is key political advantage in developing China–North Korea ties, Xinhua reports
Novo Nordisk (NOVOB DC) Wegovy injection becomes first GLP-1 weight-loss treatment approved for 48-hour controlled-temperature delivery in the EU
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This marginal miss may signal a softer consumer spending trend, which could have implications for growth and inflation forecasts. Investors will likely assess whether this deviation affects the outlook for monetary policy moving forward.
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