U.S. Personal Income Edges Up Much Less Than Expected In July
(RTTNews) - The Commerce Department released a report on Friday showing U.S. personal income increased by much less than expected in the month of July.
The report showed personal income edged up by 0.2 percent in July after climbing by an upwardly revised 0.7 percent in June.
Economists had expected personal income to rise by 0.6 percent, matching the advance originally reported for the previous month.
Meanwhile, the Commerce Department said personal spending inched up by 0.1 percent in July after jumping by a downwardly revised 1.0 percent in June.
Personal spending was expected to increase by 0.4 percent compared to the 1.1 percent surge originally reported for the previous month.
A reading on inflation said to be preferred by the Federal Reserve showed the annual rate of core consumer price growth slowed to 4.6 percent in July from 4.8 percent in June.
U.S. Wholesale Inventories Jump 1.3% In July, In Line With Estimates
U.S. Existing Home Sales Drop Below 4.0 Mln For First Time Since June 2025
U.S. Producer Prices Increase 0.4% In August, In Line With Estimates
U.S. Jobless Claims Unexpectedly Edge Down To 206,000
U.S. Producer Prices Increase In Line With Estimates In August
U.S. Weekly Jobless Claims Unexpectedly Edge Slightly Lower
U.S. Job Growth Far Exceeds Estimates In August
