Households saw a more modest rise in income for September, but that didn’t hold back Q3 consumption, explained analysts at FXStreet. Key Quotes: “Consistent with the breakneck pace of consumption in the third quarter, personal spending rose 0.4% in September. But, with a more modest reading for personal income (up 0.2%), consumers dipped into their savings last month to fuel consumption. The saving rate slid to a still-healthy rate of 6.2%. Spending was driven by a surge in durables, which, at least in part, was due to replacement demand after Hurricane Florence.” “While the consumer is entering the fourth quarter with considerable momentum, rising inflation and interest rates will likely be a headwind to growth.” 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/BRL: Further recovery of the real for now until optimism fades – ABN AMRO FX Street 4 years Households saw a more modest rise in income for September, but that didn't hold back Q3 consumption, explained analysts at FXStreet. Key Quotes: "Consistent with the breakneck pace of consumption in the third quarter, personal spending rose 0.4% in September. But, with a more modest reading for personal income (up 0.2%), consumers dipped into their savings last month to fuel consumption. The saving rate slid to a still-healthy rate of 6.2%. Spending was driven by a surge in durables, which, at least in part, was due to replacement demand after Hurricane Florence." "While the consumer is entering the fourth… 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.
