Personal income and spending continued rising at a moderate pace last month, the U.S. Bureau of Economic Analysis reports. Disposable personal income rose by 0.3% for the second consecutive month and personal consumption expenditures gained 0.4%, logging the fifth straight month of higher spending. The revival in economic growth that the bond and stock markets have been anticipating in recent months was confirmed once more with a fresh batch of data. Good news, to be sure, but is there also a glimpse of the new normal in the data?