Personal income of Americans decreased by 1.1%

31.07.2020 16:10
Personal income in the US fell 1.1% month-on-month in June after falling 4.4% (revised from 4.2%) in may, the us Bureau of economic analysis reported on Friday. This reading was worse than market expectations for a 0.5% decline.
Personal spending rose 5.6% after rising 8.2% in may.
In addition, the core personal consumer spending price index (PCE), the fed's preferred measure of inflation, fell to 0.9% a year from 1%.
The US dollar index rose slightly after this data and was last recorded at 92.96.

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