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US: Income Higher, Spending Flat, Prices Slowing but Still Elevated in May 

US: Income Higher, Spending Flat, Prices Slowing but Still Elevated in May 
Personal income grew 0.4% month-on-month (m/m) in May, just above market expectations (0.3%). This marked a slight acceleration from the prior month’s downwardly revised gain of 0.3% (previously 0.4%). Gains were led by compensation to employees, which rose 0.5% in May – up from 0.4% in April. Accounting for inflation and taxes, real personal disposable […] The post US: Income Higher, Spending Flat, Prices Slowing but Still Elevated in May appeared first on Action Forex... Read More
Posted: Jun 30 2023, 14:13
Author Name: actionforex
Views: 081086

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