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June 30, 2006
U.S. Consumption Slows In May
U.S. personal consumption rose at the same rate as personal income in May, climbing 0.4%. This was lower than the 0.7% rise in spending recorded for April.
Disposable income made a 0.3% advance in May, but was flat after adjusting for inflation.
Meanwhile, the Fed increased the federal funds rate by a quarter point on Thursday to 5.25%, marking its 17th consecutive quarter point rise.
Posted by Blacks on June 30, 2006 08:37 AM
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