Market Updates
PCE Shows Moderating Inflation, Prices Rose Faster Than Income and Spending In May
Brian Turner
30 Jun, 2022
New York City
Personal income increased 0.5% to $113.4 billion and disposable personal income rose 0.5% to $96.5 billion and personal consumption expenditures increased 0.2% to $32.7 billion, the Bureau of Economic Analysis reported today.
After adjusting for inflation, real disposable personal income decreased 0.1% in May and real personal consumption expenditure fell 0.4%.
Personal outlays increased $38.3 billion in May and personal saving was $1.01 trillion in May and the personal saving rate
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