Today's feature is the US personal income & spending data, whi | BDSwiss Official Channel [Market News & Trading Alerts]

Today's feature is the US personal income & spending data, which comes with the personal consumption expenditure (PCE) deflators. Incomes & spending are holding up well. Since consumption is 70% of US GDP, this would be good news for the economy = USD+?
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The big issue is how the market will weigh a positive income & spending figure vs a lower PCE deflator, which adds to the evidence that inflation may have peaked.