U.S. Personal Spending Surprises With 1% Gain in June

The transcript discusses various economic indicators, including personal spending, employment cost index, and inflation. It highlights the unexpected rise in personal spending and the softer-than-expected employment cost index. The discussion also covers revisions in personal income and spending data, suggesting mixed economic signals and potential implications for Federal Reserve policies.

What was the median estimate for personal spending in June?

• 1%

• 0.9%

• Negative 0.3%

• 0.7%

How did the employment cost index for the second quarter compare to expectations?

• It was not reported

• It matched expectations

• It was lower than expected

• It was higher than expected

What was the standout number in the mixed data discussed?

• Inflation rate

• Interest rate

• Personal spending

• Employment rate

What was the year-on-year inflation rate for June?

• 0.4%

• 3.7%

• 3.5%

• 0.6%

What was the revision in real personal spending for the month prior?

• Up 6/10 of a percent

• Down 4/10 of a percent

• Down 6/10 of a percent

• Up 4/10 of a percent