7/1/2022 – MetroIntelligence Economic Update by P. DUFFY

MetroIntelligence Economic Update by P. DUFFY   May personal income rises 0.5 percent vs. 0.2 percent rise in spending In May, both personal income and disposable personal income increased 0.5 percent in May, and consumption expenditures (PCE) increased 0.2 percent, leading to a slight increase in the personal savings rate to 5.4 percent. https://www.bea.gov/news/2022/personal-income-and-outlays-may-2022   Inflation tracker PCE Price Index up 0.6 percent in May and 6.3 percent year-on-year The PCE Price Index rose 0.6 percent in May vs. 0.2 percent in April, and was up 6.3 percent year-on-year, the…

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