29 Apr 2016
US: Personal income and spending in the limelight - TDS
Research Team at TDS, suggests that in today’s US session personal income and spending are the highlight, though their importance is diminished somewhat after the release of Q1 GDP.
Key Quotes
“TD expects incomes to grow by a healthy 0.4% m/m due to the strength of the US labour market, while spending should grow by just 0.1% as households pad up their savings accounts.
Core PCE should advance a relatively weak 0.1% or 1.5% on a year-ago basis (market: income +0.3% m/m; spending +0.1%; core PCE +0.1%).
Chicago PMI will be released later in the morning at 945 ET; TD looks for an improvement from 53.6 to 54.2 while the market consensus is for a decline to 53.6.”
Key Quotes
“TD expects incomes to grow by a healthy 0.4% m/m due to the strength of the US labour market, while spending should grow by just 0.1% as households pad up their savings accounts.
Core PCE should advance a relatively weak 0.1% or 1.5% on a year-ago basis (market: income +0.3% m/m; spending +0.1%; core PCE +0.1%).
Chicago PMI will be released later in the morning at 945 ET; TD looks for an improvement from 53.6 to 54.2 while the market consensus is for a decline to 53.6.”