- Personal income and expense report with mixed numbers.
- Inflation data from the report below expectations.
The personal income during June it increased 0.1%, which was positive since a contraction of 0.3% was expected. The May figure was revised down from -2% to -2.2%. Regarding spending, it registered an increase higher than the 0.7% expected, which totaled 1% in June; in the previous month it fell 0.1% (revised from 0%).
The underlying price index of personal consumption spending, closely followed by the Federal Reserve, rose to a 0.4% rise in June, below the 0.6% expected. The Annual rate of this index climbed from 3.4% to 3.5%, below the 3.7% expected.
The data did not have a great impact on the market. The dollar After an unclear initial movement, it returned to the levels it had before the report, far from the lows of the day, but validating important weekly losses. The Chicago PMI and the University of Michigan Consumer Confidence Index will be released later on Friday.
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