Home US: Personal Income rises 0.4% in June as expected
FXStreet News

US: Personal Income rises 0.4% in June as expected

The US Bureau of Economic Analysis’ publication, which showed that the Personal Consumption Expenditures stayed unchanged at 1.4% on a yearly basis in June, also revealed that the Personal Income in June rose 0.4% on a monthly basis to match May’s reading and the market expectation.

During the same period, Personal Spending rose 0.3% following May’s 0.5% growth.

The US Dollar Index came under a modest selling pressure but continues to hold above the 98 mark as investors refrain  from making large bets ahead of tomorrow’s FOMC announcement.  

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.