Personal income advanced by 0.4% month-over-month (m/m) in July, slightly ahead of market expectations for 0.2% gain. After adjusting for inflation, taxes, and transfers, real disposable personal income was also up by 0.4% m/m. Consumer spending rose modestly, edging up by 0.2% m/m in nominal terms. After adjusting for inflation, spending was flat on the […]
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