U.S. Personal Income (Monthly Rate) in June fell short of expectations: 0.2% vs 0.3%

According to Woofun AI, the U.S. personal income monthly rate in June was 0.2%, lower than the expected 0.3% and the previous value of 0.7%. The weaker-than-expected figures indicate a slowdown in household income growth, which could weaken consumer spend

According to Woofun AI, the U.S. personal income monthly rate in June was 0.2%, lower than the expected 0.3% and the previous value of 0.7%. The weaker-than-expected figures indicate a slowdown in household income growth, which could weaken consumer spending support and exert some pressure on expectations of tighter monetary policy.