Personal income decreased 0.4%, or $109.6 billion, in May, the Commerce Department said. The personal savings rate — a percentage of disposable personal income — was 4.5%. Meanwhile, personal consumption expenditures increased 0.1%, or $29.3 billion.
FOMC minutes show another rate increase possible
Most members of the Federal Open Market Committee believe they may need to raise the target range for the federal funds rate a second time before the end of the year, although that decision will depend on further...









