Analysts at Nomura are forecasting a steady 0.4% m-o-m increase in US June personal income as tightening labor markets and steady employment growth help gradually increase earnings. Key Quotes “For personal spending, we expect a healthy 0.5% m-o-m increase, despite soft core retail sales in June. Spending on nondurables excluding fuels and gasoline likely slowed, while spending on gasoline likely increased strongly.” “Sales of motor vehicles and parts likely increased healthily, based on the receipts at auto and parts dealers in June. In addition, we expect a rebound in service spending in June, driven by solid gains in spending on food services in June. A healthy labor market and persistent consumer optimism will continue to support personal spending in the near term.” 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 Eurozone: GDP growth weakens further, inflation higher to 2.1% – ING FX Street 5 years Analysts at Nomura are forecasting a steady 0.4% m-o-m increase in US June personal income as tightening labor markets and steady employment growth help gradually increase earnings. Key Quotes "For personal spending, we expect a healthy 0.5% m-o-m increase, despite soft core retail sales in June. Spending on nondurables excluding fuels and gasoline likely slowed, while spending on gasoline likely increased strongly." "Sales of motor vehicles and parts likely increased healthily, based on the receipts at auto and parts dealers in June. In addition, we expect a rebound in service spending in June, driven by solid gains in spending on… 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.
