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Friday: Personal Income and Outlays


Note: Mortgage rates are from and are for top tier scenarios.

• At 8:30 AM ET, Personal Income and Outlays, June 2022. The consensus is for a 0.4% increase in personal income, and for a 0.4% increase in personal spending. And for the Core PCE price index to increase 0.2%.  PCE prices are expected to be up 3.1% YoY, and core PCE prices up 4.2% YoY.

• At 10:00 AM, University of Michigan’s Consumer sentiment index (Final for July). The consensus is for a reading of 72.6. Reports Weekly Active Inventory Down 8% YoY; New Listings Down 18% YoY

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Personal Income increased 0.3% in June; Spending increased 0.5%

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