Personal income is expected to slip in June while personal spending is set to rise. Market impact will be limited after Thursday’s Q2 GDP data, Joseph Trevisani, an analyst at FXStreet, informs. Key quotes “Personal spending is forecast to increase 5.5% following May’s 8.2% gain. This measure of consumption fell 12.6% in April and 6.9% in March.” “Personal income is projected to drop 0.5% last month following a 4.2% decline in May and a 10.8% rise in April.” “The personal consumption expenditure price index (PCE) is expected to be flat on the month in June and 0.5% higher on the year. The core monthly index will be 0.2% higher with the annual figure at 1.0%.” “Markets have priced in an extreme drop in American GDP in the second quarter. Though these spending and income figures will be released on Friday after the GDP numbers they may be at odds with the expected economic activity in the Covid quarter.” 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 USD/INR to end the year at 75.00 in a tough balancing act – ANZ FX Street 3 years Personal income is expected to slip in June while personal spending is set to rise. Market impact will be limited after Thursday’s Q2 GDP data, Joseph Trevisani, an analyst at FXStreet, informs. Key quotes “Personal spending is forecast to increase 5.5% following May’s 8.2% gain. This measure of consumption fell 12.6% in April and 6.9% in March.” “Personal income is projected to drop 0.5% last month following a 4.2% decline in May and a 10.8% rise in April.” “The personal consumption expenditure price index (PCE) is expected to be flat on the month in June and 0.5% higher on the… 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.
