{"id":22827,"date":"2011-08-02T09:21:43","date_gmt":"2011-08-02T13:21:43","guid":{"rendered":"http:\/\/www.forexyard.com\/blog\/en\/?p=15192"},"modified":"2011-08-02T09:21:43","modified_gmt":"2011-08-02T13:21:43","slug":"us-personal-spending-and-income-growth-sluggish","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/08\/02\/us-personal-spending-and-income-growth-sluggish\/","title":{"rendered":"US Personal Spending and Income Growth Sluggish"},"content":{"rendered":"<p><img decoding=\"async\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/profile-pics\/8.jpg\" width=\"120\"  alt=\"printprofile\" \/><\/p>\n<p>Reports issued by the US Bureau of Economic Analysis, a branch of the Department of Commerce, revealed sluggishness in American spending and income levels at the consumer level. Three reports \u2013 Personal Spending, Personal Income, and the Core PCE Price Index \u2013 concur that US consumption is stagnating through the record hot summer months.<\/p>\n<p><span id=\"more-15192\"><\/span>Personal spending stands out as the only indicator among the three to experience a contraction. Spending levels declined by approximately 0.2% in June. The other two reports each signaled a sluggish 0.1% growth, moderately below market forecasts. The news piles atop several other indicators of growing consumer pessimism which may lead the <a href=\"http:\/\/www.forexyard.com\/blog\/en\/2011\/08\/01\/debt-ceiling-compromise-provides-only-short-term-dollar-relief\/\">US dollar<\/a> (USD) to make gains in the days ahead due to <a href=\"http:\/\/www.forexyard.com\/blog\/en\/2011\/08\/02\/new-highs-for-chf-and-jpy\/\">safe-haven asset purchases<\/a> by global investors.<\/p>\n<p>Read more forex trading news on our <a href=\"http:\/\/www.forexyard.com\/blog\/en\/\">forex blog<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p> Reports issued by the US Bureau of Economic Analysis, a branch of the Department of Commerce, revealed sluggishness in American spending and income levels at the consumer level. Three reports \u2013 Personal Spending, Personal Income, and the Core PCE Pr&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-22827","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/22827","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=22827"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/22827\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=22827"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=22827"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=22827"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}