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May 5, 2021

Consumer data continues to improve and reinforce the ongoing trend of accelerating economic and inflation data that has been reported for the last several weeks.

Consumer data in the U.S. continues to make steady progress as improving labor market data supports incomes and confidence, which is helping spending.  Personal income data increased by a record 21% month-over-month (m/m), driven by the newest fiscal stimulus benefits.  Employee compensation (wages) increased by 1%, the most since August 2020.  Proprietor’s income (business ownership)...
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