Personal Spending Growth Drops To 0%

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The number:Weaker across the board. Incomes grew just 0.3% in May, vs. 0.4% expected.

Personal spending officially stalled out, only growing 0% vs. 0.1% expected, and 0.3% last month.

 

Background: Analysts are looking for another 0.4% in income growth in May, which is the same as last month. however, sending is only expected to grow by 0.1%, down from 0.4% last month.

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