Both consumer spending and income growth came in weaker than expected in May. Personal income decreased 0.4% month-over-month (m/m), well below the Bloomberg consensus of +0.3% m/m. Wages and salaries continued to grow at a solid pace, but transfer payments showed a sharp pullback, driven by a decrease in government Social Security payments due to […]
The post US: Consumer Spending and Income Decline in May appeared first on Action Forex.
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