Analysts at Nomura expect a stable 0.4% m-o-m increase in US personal income in August. Key Quotes “For personal spending, we also forecast a steady 0.4% increase, consistent with healthy momentum in household spending growth. Retail sales report for August suggests consumer spending on durable goods such as motor vehicles and furniture declined in the month, but spending on gasoline and certain nondurable goods likely rose firmly and offset weaker spending on durable goods. Moreover, spending on services likely increased at a steady pace.” “Looking ahead, we expect the recent tax cuts and the healthy labor market to remain supportive for personal consumption growth in the near term.” “PCE deflators: Reflecting CPI and PPI data for August, our forecast for core PCE inflation for the month stands at +0.0% (+0.038%) m-o-m, which would drive down its y-o-y change to 1.9% (1.919%) from 2.0% (1.984%), previously.” Overall, we expect core PCE price index to increase only modestly by +0.038% m-o-m (rounded to no change) in August, which would drive down its y-o-y change to 1.9% (1.919%) from 2.0% (1.984%), previously.” 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: Annual core PCE price index remains steady at 2% in August FX Street 4 years Analysts at Nomura expect a stable 0.4% m-o-m increase in US personal income in August. Key Quotes "For personal spending, we also forecast a steady 0.4% increase, consistent with healthy momentum in household spending growth. Retail sales report for August suggests consumer spending on durable goods such as motor vehicles and furniture declined in the month, but spending on gasoline and certain nondurable goods likely rose firmly and offset weaker spending on durable goods. Moreover, spending on services likely increased at a steady pace." "Looking ahead, we expect the recent tax cuts and the healthy labor market to remain supportive… 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.
