US: Eyes on personal income and spending data – TDS

FXStreet (Delhi) – Prashant Newnaha, Rates Strategist at TD Securities, suggests that the from the US, personal income and spending data will kick off a busy payroll week, with August income expected to increase 0.5% m/m as spending rises 0.3%.

Key Quotes

“Core PCE is likely to rise 0.1% m/m, picking up marginally to 1.3% y/y from 1.2% y/y due to base effects as lower energy prices push the headline deflator 0.1% m/m lower to 0.2% y/y from 0.3% y/y.”

“August pending home sales will offer a reading on housing market activity and is expected to rise 0.5% m/m. Fed’s Dudley, Evans, and Williams (all voting doves) will speak on the economy and monetary policy, kicking off the week’s crowded speaker schedule.”

Prashant Newnaha, Rates Strategist at TD Securities, suggests that the from the US, personal income and spending data will kick off a busy payroll week, with August income expected to increase 0.5% m/m as spending rises 0.3%.

(Market News Provided by FXstreet)