Quartz·1 min read·medium
Consumer spending rose 0.3% in June as personal income climbed 0.2%.
✦AI Summary
US consumer spending increased by 0.3% in June, while personal income grew by 0.2%. The PCE price index, a key inflation metric, saw a slight monthly decline of 0.1% but remains 3.7% higher than the previous year.
The PCE price index fell 0.1% from May, though it remained 3.7% above its year-ago level
economybusiness
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