Personal income decreased 0.7% in October compared to 0% expected

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  • Personal income declined in the US in October.
  • Personal spending increased more than expected in the same period.
  • The DXY US Dollar Index remains in negative territory slightly above 92.00.

US personal income fell -0.7% on a monthly basis in October after September’s rise of 0.7% (revised from 0.9%), the US Bureau of Economic Analysis reported on Wednesday. worse than the market expectation of 0%.

Additional details from the report have revealed that personal spending increased by 0.5% and exceeded analysts’ estimate of 0.4%.

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