United States: household spending and income up slightly, good surprise on inflation


The personal income of American households for the month of July 2022 appreciated by 0.2% compared to the previous month, against a…














(Boursier.com) — The personal income of American households for the month of July 2022 appreciated by 0.2% compared to the previous month, against a consensus of +0.6% and an increase of 0.7% a months before. Personal consumption expenditure for the month of July increased by 0.1%, against 0.4% consensus and 1% in June. The good news comes from the ‘core PCE’ price index, closely followed by the Fed, which stood at +0.3% in July compared to the previous month, against 0.6% consensus. This adjusted price index rose 4.7% year-on-year, against 4.8% market consensus.


©2022 Boursier.com






Source link -87