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US September personal income and spending report in focus - TD Securities

FXStreet (Łódź) - Tim Davis, Vice President, Global Strategist at TD Securities suggests that the US personal income and spending report for October, due out later today, should show further increases.

Key quotes

"We are broadly in line with the market in expecting further gains on income and and spending (0.4% m/m and 0.2% m/m respectively)."

"Core PCE should also edge higher by 0.2% m/m which will leave the annual rate of inflation unchanged at 1.5%."

"Additional data will include the October Chicago PMI (market: 60, prior: 60.5), the final estimate of the October Michigan consumer confidence (market: unchanged at 86.4) and the Q3 employment cost index (market: 0.5% q/q, prior: 0.7% q/q)."

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