The monthly summary continues to improve, although PPI numbers continue to be a concern... going forward.
Regarding personal income, etc., read here.
The 2nd quarter GDP was revised upward. I was puzzled by the statement regarding consumer spending and thus the headlines of resilient consumers. I would have expected consumer spending to be at or above the overall GDP announcement.
But that is just me. It is an election year and important to convince the consumers... they are doing well.
Oh Joy!
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