Consumer spending and income growth both improved in June. Personal income rose 0.3% month-over-month (m/m), a hair above the market consensus forecast for a gain of 0.2% m/m. Growth in wages and salaries eased to 0.1% m/m from 0.3% previously, but transfer payments rebounded from a weak showing in May. Consumer spending grew at 0.3% […]The post US: Consumer Spending Improves Humbly in June, Core PCE Inflation Ticks Up Modestly appeared first on Action Forex.