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U.S. consumer spending was flat in June as incomes stopped growing and prices remained subdued. Consumer spending was unchanged last month after growing a revised 0.1% in May. Personal incomes were also flat; in May they rose by 0.3%, slightly less than what the government had previously reported.
The core price index for personal consumption expenditures, which exclude food and energy prices and is closely watched by the Fed, was unchanged from a monthly 0.1% rise in May.
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