Personal income and spending numbers for May were released broadly in line with expectations today, but there were upbeat messages from the positive revisions from the previous month’s already strong data. Personal income was the only miss as it came in at a positive 0.2% month-on-month compared to a 0.3% change expected by economists in a Reuters poll. However, the previous month’s income change was raised to 0.5% from 0.4% initially reported. Personal consumption met expectations by coming in at [..]
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