U.S. Consumer Spending Regains Momentum in August 

Personal income advanced by a modest 0.2% month-over-month (m/m) in August, below market expectations for a 0.5% gain. After adjusting for inflation, taxes, and transfers, real disposable personal income growth was flat. Consumer spending rose by 0.9% m/m, roughly in line with expectations. Higher prices – especially for gas – accounted for some of the […]

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