US: Spending Picks Up As Income Falls in May 

<p>Personal income fell in May, declining by 4.2% month-on-month, as the effects of one-time checks provided by the CARES Act largely wore off last month. Indeed, with most payments out the door, the dollar contribution from stimulus checks declined from $2.6 trillion (annualized) to $605 billion in May. On the other hand, unemployment benefits continued […]</p>
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