. Data from the Bureau of Economic Analysis released just moments ago showed an increase in personal income by $101.5 billion, an increase of 0.5% in February, compared to 0.0% in January readings, in line with expectations. In contrast, personal consumption expenditures rose by $34.9 billion, equivalent to an increase of about 0.2%.

Compared to 2.1% in the January reading. The personal consumption expenditures price index (PCE), the preferred index of the Fed, rose on a monthly basis at 0.6%, compared to 0.5% in January.

On the other hand, the core index, which excludes food and energy prices, declined at 0.4% from 0.5%.

The annual index rose to 6.4% in February compared to 6% in the January reading, while the main index, excluding food and energy prices, rose to 5.4%, compared to 5.2% in the January reading, which reflects the continued rise in prices of goods and services since the beginning of the year.

Canadian economy grows 0.2% in January

The gross domestic product in Canada increased by 0.2% in January, according to data released moments before by Statistics Canada, after stabilizing at 0.0% in December, in line with expectations, as the rise in commodity-producing industries by about 0.8% offset the losses of the service-producing industries sector affected by the recent spread of the Corona virus. .

The US dollar continues to rise since the beginning of today’s session, recording gains of about 0.33%, when trading at 98.14 levels, while the Canadian dollar is trading at 1.2508.