The US Commerce Department will release June personal consumption expenditure data on the 30th. The median market forecast calls for a 0.3% month-on-month increase, slowing from May's 0.7% gain. Personal income is expected to rise 0.3%, and the core PCE price index is projected to climb 0.2%. Wells Fargo estimates personal spending up 0.4%, personal income up 0.3%, and core PCE up 0.2% month-on-month and 3.3% year-on-year. Royal Bank of Canada expects the headline PCE index to fall 0.1% month-on-month due to lower gasoline prices, and forecasts personal spending up 0.2%, personal income up 0.4%, and core PCE up 0.2%.
Royal Bank of CanadaRBC provided a forecast for the PCE data, which influences Fed policy and thus monetary conditions, but the article is a preview, not a result.
Wells Fargo & CompanyWells Fargo provided a forecast for the PCE data, which influences Fed policy and thus monetary conditions, but the article is a preview, not a result.