Daily Three: Japan Approves More Stimulus, Core PCE Remains Below Target and Personal Income Rises Slightly
August 2, 2016    Disclosures    POSTED IN  EconomyMarketsInternational
  • Japan’s cabinet has approved an additional 4.6 trillion yen i.e. $45 billion as a piece of the cited 28 trillion yen in Prime Minister Abe’s previous speech to help stimulate the world’s third largest economy. Bloomberg
  • Core personal consumption expenditure (PCE less: food and energy) rose 0.1% in June alone and 1.2% twelve months through June, putting it below the Fed’s 2% target rate of inflation. CNBC
  • Personal income for the month of June rose by 0.2% at a flat rate from the month prior. The Wall Street Journal
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