Analysts at Wells Fargo, point out that thanks to a massive surge in government transfer payments, April 2020 goes down in the history books as the largest monthly increase in personal income on record. Key Quotes: “Government transfer payments increased $3 trillion in April— can that be right? Recall that these are annualized figures, so when you add up the $1,200/individual or $2,400/household and then factor in the $600 weekly additional unemployment benefits…then annualize it, you get a stunning number. The result was the largest ever increase in income, and a reminder why the NBER excludes transfers when dating recessions.” “The sudden stoppage of spending in many key services industries resulted in a never-before seen 12.0% monthly decline in real services.” “Real consumer spending is heading into the second quarter falling at three-month annualized rate of 56.8%.” 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 EUR/USD seen at 1.05 on a 3-month view – Rabobank FX Street 3 years Analysts at Wells Fargo, point out that thanks to a massive surge in government transfer payments, April 2020 goes down in the history books as the largest monthly increase in personal income on record. Key Quotes: “Government transfer payments increased $3 trillion in April— can that be right? Recall that these are annualized figures, so when you add up the $1,200/individual or $2,400/household and then factor in the $600 weekly additional unemployment benefits…then annualize it, you get a stunning number. The result was the largest ever increase in income, and a reminder why the NBER excludes transfers when dating recessions.”… 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.
