Personal Income Flat in June, May Revised Lower: PCE Inflation Down Again

MishTalk

Those expecting the relatively strong second-quarter consumer spending to continue in the third quarter may wish to reconsider.

The BEA reports Personal Income in June was flat vs an Econoday consensus estimate of a 0.4% gain. Moreover, the BEA revised May lower, from 0.4% to +0.3%.

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