Here come personal income and spending ...
Advertisement
Joshua Lott/Getty Images
Advertisement
Economists forecast that personal income rose 0.4% during the month, while spending increased by 0.3%, according to Bloomberg.
The report will also include personal consumption expenditures, which reflects consumer spending and is the Federal Reserve's preferred way to gauge inflation.
The consensus forecast is for core PCE, which excludes food and energy prices, to be unchanged from June at 0.1%, and be up 1.5% year-on-year.
Consumer spending was a major boost for economic growth in the second quarter, and so this report will be watched for how it may help third-quarter GDP.
Advertisement
Advertisement
- RBI likely to transfer ₹1 trillion to government in FY25
- India's forex reserves jump by USD 3.66 bn to USD 641.59 bn: RBI
- Tata Motors Q4 consolidated net profit jumps over 3-fold at ₹17,528.59 crore
- Gold, silver prices rebound on bullish global trend, strong domestic demand
- 27 emails, 10 banks accounts: Mystery of missing Taarak Mehta actor Sodhi deepens