US: Consumers Close Q2 on an Upbeat Note, But Momentum Unlikely to be Sustained

Personal income grew 0.2% month-on-month (m/m) in June, down from May’s 0.4% gain, and below market expectations (also 0.4%). Accounting for inflation and taxes, real personal disposable income growth slowed in June, up 0.1% m/m, relative to a 0.3% gain in May (revised down from 0.5% previously). Personal consumption expenditures also geared down slightly in […]

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