Personal Spending, Income In Line With Expectations

Individual spending by U.S. consumers rose 0.3% last month; personal income rose less than 1%. Both results were in line with expectations.

"Today's data was clearly consistent with recent trends," said Scott Hoyt, senior director of consumer economics for Moody's Economy. "Spending isn't blowing us away because consumers are clearly suffering from a lack of income."

Both the gold and the U.S. Dollar Index were unimpressed. The results had little effect, either way.