International Economic

US personal incomes undershoot forecasts in June, inflation dips

By Alexander Bueso

Date: Friday 26 Jul 2024

(Sharecast News) - Americans continued to spend at a steady pace in June while inflation slowed alongside.
Income growth however was lower than anticipated.

According to the Department of Commerce, in seasonally adjusted terms personal incomes and spending grew by 0.2% and 0.3% month-on-month.

Economists had pencilled in increases...

Sign up for free or to read the full story

Email this article to a friend

or share it with one of these popular networks:


Article Archive

Top of Page