With an increase in compensation largely offset by a decrease in government benefits, the Commerce Department released a report on Friday showing U.S. personal income was virtually unchanged in the month of January.The Commerce Department said personal income inched up by less than a tenth of a percent in January after rising by an upwardly revised 0.4 percent in December.Economists had expected p...
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Forex News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.