US: Consumer Spending Improves in August, Core PCE Inflation Holds at Elevated Level

Consumer spending and income growth both improved at a solid pace in August. Personal income rose 0.4% month-over-month (m/m), the same as in the month prior. Growth in wages and salaries eased to 03% m/m from 0.5% in July, while government transfer payments rose at the same rate of 0.3% – an improvement from a […]

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