US: Consumer Spending Grows, Even as Prices Remain Elevated in June 

<p>Personal income grew 0.3% month-on-month (m/m) in June, which was below market expectations for 0.5% growth. This marked a deceleration from the prior month’s gain of 0.5%. Gains were led by compensation to employees, which also rose by 0.5% for the third consecutive month. Accounting for inflation and taxes, real personal disposable income rose 0.2% […]</p>
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