US remain resilient, consumption expenditure edition

Chart is of Real Personal Consumption Expenditure since the eve of 2008 financial crisis. Chart is prepared on FRED dash board of St. Louis FED.

Take on this -

• Consumption expenditure, vital for consumption driven US economy remain strong with growth accelerating

• Lower energy price will boost the consumer wallet and further drive consumption

• Better wage increase to boost the consumption in coming months

• With job openings remain strong, better employment will boost the consumption number too

It is reasonable to expect that Federal Reserve to continue on the path of rate hike and Dollar to do well.