020 7898 0500Personal income and spending in June came in as expected at 0.4%. Other than that, it was an extremely quiet day for US economic data, but we can expect it to pick up today when the Fed makes its interest rate decision later this evening.
Rates are expected to be kept at 2% this time around, but it will be interesting to see whether there are indications of further hikes before the year is out. We will also see manufacturing PMI and employment change figures from July.
