Morning Journal-Obama and bin Laden

Economics

This Week’s Data

The July Dallas Fed manufacturing index came in at -13.2 versus expectations of +2.5 and June’s reading of +5.8.

June personal income was reported up 0.5% versus expectations of up 0.4%; personal spending was flat versus estimates of up 0.1%; the personal consumption expenditures index was up 0.1% in line; core PCE was up 0.2% versus forecasts of up 0.1%.
http://www.calculatedriskblog.com/2012/07/personal-income-increased-05-in-june.html