U.S. personal income (monthly rate) in June fell short of expectations: 0.2% vs 0.3%

According to Woofun AI, U.S. personal income rose at a monthly rate of 0.2% in June, lower than the expected 0.3% and the previous figure of 0.7%. The weaker-than-expected data indicates a slowdown in household income growth, which could weaken consumer s

According to Woofun AI, U.S. personal income rose at a monthly rate of 0.2% in June, lower than the expected 0.3% and the previous figure of 0.7%. The weaker-than-expected data indicates a slowdown in household income growth, which could weaken consumer spending support and exert some pressure on expectations of tighter monetary policy.