XE Market Analysis: U.S. Consumer Spending Rises

OVERVIEW Markets are back to full strength after the long weekend in the U.S. and the UK, with stock markets in negative territory from talk of early Italian elections. U.S. personal consumption expenditure price index slowed to 1.5% last month, dropping further from the Fed’s 2% target. Reuters reported that unnamed sources at the European Central Bank told the news agency that they are set to discuss dropping their easing biases as economic growth strengthens.

Source: XE news feed
XE Market Analysis: U.S. Consumer Spending Rises