Following a flat reading in April, personal income rebounded by 0.7% month-over-month (m/m) in May, ahead of market expectations for a 0.4% gain. The gain was driven by a firming in wages and salaries, and an increase in farm proprietors’ income, reflecting an increase in payments from the American Relief Act of 2025. After adjusting […]
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Price is the quiet hinge that decides whether a new technology becomes a toy for the wealthy or a habit for everyone else. The personal computer, the cell phone, the flat-screen television, each one sat Read more…
The US personal consumption expenditures price index (PCE), Fed’s preferred inflation gauge, rose 4.1% y/y in May from unrevised 3.8% previous month, in line with expectations. May’s figure shows the largest increase and the first Read more…
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