The Commerce Department released a report on Friday showing U.S. personal income increased by much less than expected in the month of July.
The report showed personal income edged up by 0.2 percent in July after climbing by an upwardly revised 0.7 percent in June.
Economists had expected personal income to rise by 0.6 percent, matching the advance originally reported for the previous month.
The uptick in personal income came as an increase in compensation was partly offset by decreases in proprietors' income, personal current transfer receipts, and rental income of persons.
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Forex News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.