US: Income Higher, Spending Flat, Prices Slowing but Still Elevated in May 

<p>Personal income grew 0.4% month-on-month (m/m) in May, just above market expectations (0.3%). This marked a slight acceleration from the prior month’s downwardly revised gain of 0.3% (previously 0.4%). Gains were led by compensation to employees, which rose 0.5% in May – up from 0.4% in April. Accounting for inflation and taxes, real personal disposable […]</p>
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