Hmmm...
Market News and Data brought to you by Benzinga APIsPersonal income increased $36.2 billion, or 0.3 percent, and disposable personal income (DPI) increased $29.2 billion, or 0.2 percent, in May, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $4.6 billion, or less than 0.1 percent. In April, personal income increased $37.7 billion, or 0.3 percent, DPI increased $27.9 billion, or 0.2 percent, and PCE increased $28.8 billion, or 0.3 percent, based on revised estimates.Ok, that sounds fairly reasonable. So where did it come from?
Private wage and salary disbursements increased $14.1 billion in May, compared with an increase of $26.4 billion in April.Uh..... Read the full analysis here.
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