Analysts at ANZ Bank New Zealand noted that the US personal income and spending were generally in line with expectations in September when incorporating upward revisions to the previous month. Key Quotes: “Income rose 0.2% m/m (last: 0.4%, mkt: 0.4%) with spending climbing 0.4% (last: 0.5%, mkt: 0.4%). On the income side, wages and salary growth moderated to 0.2%, from 0.5% the previous month. Farm incomes are also under significant pressure, down another 14.8% m/m (last: -12.7%) bringing annual growth to -32.5%.” “The savings rate was 6.2%, matching the lowest level since 2013. On the spending side, durable goods and autos drove gains.” “The core PCE deflator rose 0.2% m/m (last: 0.0%, mkt: 0.1%), with airfares providing a boost. Meanwhile, the Dallas Fed manufacturing survey continued to signal expansion in October.” “Production eased but new orders lifted. Prices of raw materials and prices received rose. Capital expenditures rose, but expectations for six months ahead dipped.” 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 Dollar Index Technical Analysis: DXY bulls parked below the 2018 high getting ready for a breakout FX Street 4 years Analysts at ANZ Bank New Zealand noted that the US personal income and spending were generally in line with expectations in September when incorporating upward revisions to the previous month. Key Quotes: "Income rose 0.2% m/m (last: 0.4%, mkt: 0.4%) with spending climbing 0.4% (last: 0.5%, mkt: 0.4%). On the income side, wages and salary growth moderated to 0.2%, from 0.5% the previous month. Farm incomes are also under significant pressure, down another 14.8% m/m (last: -12.7%) bringing annual growth to -32.5%." "The savings rate was 6.2%, matching the lowest level since 2013. On the spending side, durable goods… 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.
