The personal income and expenditure report showed mixed figures and generated an extension of the fall in dollar. The key data of Core price index of personal consumption spending climbed to 3.4% (YoY) the highest level since 1991. This figure was in line with expectations.
The personal income in May it fell 2%, which was better than the market consensus which was for a reading of -2.5%. In April they plummeted 13.1%.
Regarding the personal expense, this remained unchanged in May against the expectation of a rise of 0.3%. The April number was revised up from 0.5% to 0.9%.
The University of Michigan consumer confidence report will be released later on Friday.
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