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 does the mixed data suggest about inflation trends?

What was the percentage change in personal income in the month prior?