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Analysts: US personal income and expenditure data reflects soft landing
On July 26th, Golden Ten Data reported that Rick Meckler, an analyst at Cherry Lane Investments, said that the revised data for personal income and spending in the United States in May were both 0.4%, indicating a solid improvement in income and spending and a slight relief in inflation. Therefore, this quite good report further supports the idea of a soft landing. After a difficult week, the market has the opportunity to rebound today.