The analysis team at Nomura expect a steady 0.4% m-o-m increase in US personal income in September. Key Quotes “With steady readings of the household saving rate, continued gains in income should remain supportive for spending.” “In addition, tax cuts will likely continue to boost personal spending growth. Against this backdrop, we expect a steady 0.2% increase in personal spending, consistent with healthy momentum in personal consumption growth in Q3.” “Based on September retail sales data, consumer spending on autos likely rose solidly while spending on gasoline declined. In addition, a sharp decline in receipts at drinking and dining venues suggests a possible slowdown in service spending.” “The impact of Hurricane Florence on personal spending in September does not appear to be large as disruptions to sales activity were likely offset by a pickup in replacement demand for household goods. Similarly, personal spending in October will likely be affected by offsetting impact of Hurricane Michael.” 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/CHF stays near parity ahead of PCE inflation data FX Street 4 years The analysis team at Nomura expect a steady 0.4% m-o-m increase in US personal income in September. Key Quotes "With steady readings of the household saving rate, continued gains in income should remain supportive for spending." "In addition, tax cuts will likely continue to boost personal spending growth. Against this backdrop, we expect a steady 0.2% increase in personal spending, consistent with healthy momentum in personal consumption growth in Q3." "Based on September retail sales data, consumer spending on autos likely rose solidly while spending on gasoline declined. In addition, a sharp decline in receipts at drinking and dining venues… 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.
