- Personal Income in the US fell more than expected in June.
- Core PCE Price Index dropped to 0.9% on a yearly basis.
Personal Income in the US declined by 1.1% on a monthly basis in June after contracting by 4.4% (revised from 4.2%) in May, the US Bureau of Economic Analysis reported on Friday. This reading came in worse than the market expectation for a decrease of 0.5%.
Further details of the publication revealed that Personal Spending rose by 5.6% after expanding by 8.2% in May.
Additionally, the core Personal Consumption Expenditure (PCE) Price Index, the Fed's preferred gauge of inflation, ticked down to 0.9% on a yearly basis from 1%.
The US Dollar Index edged slightly higher after these data and was last seen flat on the day at 92.96.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.