US: Real Income Edges Higher, Spending Moderates 

Personal income rose 0.2% month-on-month (m/m) in July, below the consensus estimate (+0.6% m/m) and slower than June’s upwardly revised pace of +0.7% m/m. The gain was led by employee compensation of employees (+0.8% m/m) but was partially offset by decreases in proprietors’ income (-1.3% m/m), personal current transfer receipts (-0.4% m/m), and rental income […]

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