A report released by the Commerce Department on Friday showed personal income in the U.S. increased by slightly more than expected in the month of June.The Commerce Department said personal income climbed by 0.6 percent in June following an upwardly revised 0.6 percent advance in May.Economists had expected personal income to rise by 0.5 percent, matching the increase originally reported for the p...
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Business 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.