The personal income and cat report, which includes important inflation figures, showed numbers mostly within expectations and it did not have a major impact on the market, where traders are as expected from Powell’s speech.
The personal income it increased 1.1% in July, more than 0.2% of the market consensus. In June there was an increase of 0.2% (revised from 0.1%). Personal spending advanced 0.3%, less than the 0.5% expected; in June they rose 1.1% (revised from 1.0%).
The Inflation data from the report, which is closely followed by the Fed, the core index of personal consumption spending rose 0.3% in July, below 0.4% of the market consensus. In June the index advanced 0.5%, a figure that was revised up from 0.4%. The annual rate remained, as expected, at 3.6%.
The dollar did not show big changes after the figures. The focus of attention is on the speech he will give in minutes Jerome Powell, the chairman of the Federal Reserve, at the Jackson Hole symposium.
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