Off The Boil?

It's like that last peanut butter cookie from the batch you made 10 days ago -- stale, but you'll still take it. With Q2 GDP already in, June personal spending and income figures were in some sense redundant, but given the premium placed on "timeliness" and granularity in the current environment, the numbers were still relevant. Personal income rose 0.1% last month, much better than the 0.3% decline the market expected. Personal spending, meanwhile, rose 1% against expectations for a more mute

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