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26th Jun 2025 16:28USWeekly Monitor

  • Spending fell by 0.3% in May, with little chance of a June rebound, and further weakness likely in Q3.
  • The 0.4% fall in May incomes was due to one-time factors, but real income growth is set to stagnate.
  • The core PCE deflator surprised to the upside in May, but the 0.18% rise will pale in comparison to June.

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Keywords for: 30 June 2025 US Monitor

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence