U.S. Personal Income and Spending Grow Less Than Expected in August

Personal income grew 0.2% month-on-month (m/m) in August, down from July’s 0.3% gain and below market expectations (0.4%). Accounting for inflation and taxes, real personal disposable income grew a modest 0.1% for a third consecutive month. Personal consumption expenditures grew 0.2% m/m in August. This was lower than the 0.5% recorded in July, and below […]

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