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  • Personal Income and Outlays, July 2022

    From bea.gov

    Personal income increased $47.0 billion (0.2 percent) in July, according to estimates released today by the Bureau of Economic Analysis (tables 3 and 5). Disposable personal income (DPI) increased $37.6 billion (0.2 percent) and personal consumption expenditures (PCE) increased $23.7 billion (0.1 percent). The PCE price index decreased 0.1 percent. Excluding food and energy, the PCE price index increased 0.1 percent (table 9). Real DPI increased 0.3 percent in July and real PCE increased 0.2 percent; goods increased 0.2 percent and services increased 0.2 percent (tables 5 and 7). table The increase in ... (full story)

Personal income increased $47.0 billion, Thats great news for USD
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miss on income and spending
Out of a forecasted 4%???
Looks like usd is bouncing back
all that matters is what Uncle Powell says later.
well see later what would Powell says.
Junx FX Trading Return Today: na
Later this morning: https://www.youtube.com/watch?v=T45iRSvxaVM
Expenditure is increased due to energy and gas prices hike. Besides these, income is increased. Buying power is enough. This news does not affect the USD, I think. Focus on Jacksonhole Powell's speech. This is very very important today.
The labour market will break and bring in the recession. One detail that i can't forget is that income has increased, buying power is there, but the spending increase.. is too little to think that it was made by energy prices? What i'm thinking, the real spening was not even a positive number. The money spent on energy - its what made it be 0.1.
let's wait for our lord powell
Quoting n00bita
let's wait for our lord powell
LOLLLLLLLLLLL
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