Analysts at Scotiabank explained that Personal income rose a steady 0.3% m-o-m in April, mostly in line with expectations (Nomura: 0.4%, Consensus: 0.3%), with healthy gains in wages and salaries. Key Quotes: Personal consumption expenditures (PCE) increased a brisk 0.6% m-o-m, slightly above expectations (Nomura: 0.5%, Consensus: 0.4%). The increase in March was revised up to a 0.5% increase, implying better momentum heading into Q2. This appears consistent with our view that consumer spending will pick up in Q2 after relatively soft growth in Q1. GDP tracking update: The increase in personal consumption expenditure in April was slightly stronger than expected. Further, backward revisions suggest more momentum in personal spending growth in Q2. Thus, after rounding, we raised our Q2 real GDP tracking estimate by 0.3pp to 3.8% q-o-q saar. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next US Pending Home Sales slide in April amid lack of inventory – Wells Fargo FX Street 5 years Analysts at Scotiabank explained that Personal income rose a steady 0.3% m-o-m in April, mostly in line with expectations (Nomura: 0.4%, Consensus: 0.3%), with healthy gains in wages and salaries. Key Quotes: Personal consumption expenditures (PCE) increased a brisk 0.6% m-o-m, slightly above expectations (Nomura: 0.5%, Consensus: 0.4%). The increase in March was revised up to a 0.5% increase, implying better momentum heading into Q2. This appears consistent with our view that consumer spending will pick up in Q2 after relatively soft growth in Q1. GDP tracking update: The increase in personal consumption expenditure in April was slightly stronger than… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
