US personal income rose 0.6%, spending rose 0.3%

<p>US Personal income rose 0.6% in February, well above expectation of 0.3%. The increase in personal income primarily reflected increases in compensation of employees and farm proprietors’ income. Farm proprietors’ income increased USD 34.1B, which included an increase in subsidy payments associated with the Department of Agriculture’s Market Facilitation Program. Personal spending rose 0.2%, below […]</p>
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