US: Personal Income rises 0.4% in June as expected

The US Bureau of Economic Analysis' publication, which showed that the Personal Consumption Expenditures stayed unchanged at 1.4% on a yearly basis in June, also revealed that the Personal Income in June rose 0.4% on a monthly basis to match May's reading and the market expectation.

During the same period, Personal Spending rose 0.3% following May's 0.5% growth.

The US Dollar Index came under a modest selling pressure but continues to hold above the 98 mark as investors refrain from making large bets ahead of tomorrow's FOMC announcement.