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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.”

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