Economic ReportsThe Bureau of Economic Analysis said consumer spending increased by 0.1% during July, down from an upwardly revised 0.6% in June. Economists polled by Thomson Reuters had expected consumer spending to increase by 0.3% during July. U.S. personal income also increased by 0.1% during July, down from 0.3% the previous month and short of the 0.2% expected by economists.
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