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US: Income Beats Estimate, Spending Strong at 0.8% on the Month

US: Income Beats Estimate, Spending Strong at 0.8% on the Month
Personal income advanced 0.7% month-on-month (m/m) in October, above market expectations for a more modest gain of 0.4% m/m. Compensation of employees, which gained a solid 0.5% m/m, was behind the strong headline income reading. Government social benefits was another strong contributor with growth of 1.6% m/m that reflected one-time refundable tax credits issued by […] The post US: Income Beats Estimate, Spending Strong at 0.8% on the Month appeared first on Action Forex... Read More
Posted: Dec 1 2022, 14:27
Author Name: actionforex
Views: 110264

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