US private revenue and consumption: can they lengthen optimistic knowledge run? – Foreign exchange Information Preview
US private revenue and consumption: can they lengthen optimistic knowledge run? – Foreign exchange Information Preview
Posted on December 19, 2019 at 12:58 pm GMTRaffi Boyadjian, XM Investment Research Desk
Private revenue and spending numbers will come beneath buyers’ radar on Friday (17:00 GMT) and will upset the current run of optimistic knowledge out of the US amid some considerations that revenue and consumption progress is moderating. The private revenue and outlays report, which additionally incorporates the Fed’s favorite inflation gauge, can be one of many remaining main releases for 2019. However can it steer the US greenback amid end-of-year flows and thinning liquidity?
Is US consumption slowing?
Personal consumption stays by far the most important element of the US financial system so final month’s report, which confirmed revenue progress staying flat in October, raised some doubts about how lengthy customers can go on supporting the American financial system. Annual progress in private revenue and spending has come off the peaks of 2018 of round 6% after they had been boosted by President Trump’s tax cuts. Private revenue progress is…