Personal Income in the US fell more than expected in June. Core PCE Price Index dropped to 0.9% on a yearly basis. Personal Income in the US declined by 1.1% on a monthly basis in June after contracting by 4.4% (revised from 4.2%) in May, the US Bureau of Economic Analysis reported on Friday. This reading came in worse than the market expectation for a decrease of 0.5%. Further details of the publication revealed that Personal Spending rose by 5.6% after expanding by 8.2% in May. Additionally, the core Personal Consumption Expenditure (PCE) Price Index, the Fed’s preferred gauge of inflation, ticked down to 0.9% on a yearly basis from 1%. Market reaction The US Dollar Index edged slightly higher after these data and was last seen flat on the day at 92.96. 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 Price Analysis: Next on the downside is located 91.92/80 FX Street 3 years Personal Income in the US fell more than expected in June. Core PCE Price Index dropped to 0.9% on a yearly basis. Personal Income in the US declined by 1.1% on a monthly basis in June after contracting by 4.4% (revised from 4.2%) in May, the US Bureau of Economic Analysis reported on Friday. This reading came in worse than the market expectation for a decrease of 0.5%. Further details of the publication revealed that Personal Spending rose by 5.6% after expanding by 8.2% in May. Additionally, the core Personal Consumption Expenditure (PCE) Price Index, the Fed's preferred gauge of… 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.
