(RTTNews) - A report released by the Commerce Department on Friday showed personal income in the U.S. increased by slightly more than expected in the month of June. Economists had expected personal income to rise by 0.5 percent, matching the increase originally reported for the previous month. Meanwhile, a reading on inflation said to be preferred by the Federal Reserve showed the annual rate of core consumer price growth accelerated to 4.8 percent in June from 4.7 percent in May.