Data released on Friday, regarding personal income and spending offers another tantalizing look at the rebound that might have been, explained analysts at Wells Fargo. They point out wages and salaries continued to rise, fueling strong spending. Key Quotes: “Personal income slipped 1.1% in June, a larger decline than had been expected. The absence of government stimulus checks was the key factor in the decline.” “As businesses began re-opening in June, wages and salaries rose 2.3% and proprietors’ income shot up 5.5%.” “The V-shape recovery has already come to real durable goods spending which rose another 8.8% in June pushing the level of outlays here further into record territory.” 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 NY Fed’s GDP Nowcast for Q3 2020 rises to 16.8% FX Street 3 years Data released on Friday, regarding personal income and spending offers another tantalizing look at the rebound that might have been, explained analysts at Wells Fargo. They point out wages and salaries continued to rise, fueling strong spending. Key Quotes: “Personal income slipped 1.1% in June, a larger decline than had been expected. The absence of government stimulus checks was the key factor in the decline.” “As businesses began re-opening in June, wages and salaries rose 2.3% and proprietors’ income shot up 5.5%.” “The V-shape recovery has already come to real durable goods spending which rose another 8.8% in June pushing… 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.
