FXStreet (Delhi) – Research Team at BBVA, suggests that the US personal income and outlays for November (Wednesday) are expected to post another strong showing as consumers take advantage of expected holiday bonuses and discounts. Key Quotes “Domestic demand remains healthy, and despite some underwhelming retail sales data for the month, personal consumption expenditures will continue to be a key driver of growth in the New Year. Household deleveraging has hit the end of the road, and now consumers are ready to take on more debt to fuel their purchases.” “However, the personal savings rate remains elevated, suggesting that there is still some hesitance to really follow through on increased spending. Personal savings as a percent of disposable personal income hit 5.6% in October, the highest since December 2012 and much greater than the pre-crisis average of 4.3%. This will be a key trend to monitor in the coming year because if wages don’t begin to pick up soon, consumers may not be willing to reduce their savings enough to keep up similar spending levels.” For more information, read our latest forex news.