- U.S. consumer spending rose by 1% in June, beating economists’ expectations of a 0.7% increase.
- Personal income increased by 0.1%, or by $26.1 Billion, in June.
- The overall personal consumption expenditures price index rose 0.5% in June and is up 4.0% from a year prior.
- The core personal consumption expenditures price index, which excludes food and energy, rose 0.4% in June and is up 3.5% from the previous year.
- The Right Facts will continue to monitor spending and income.