US: Consumer Spending Expands, Even as Prices Tick Higher in July 

<p>Personal income grew 0.2% month-on-month (m/m) in July, which was below market expectations for a gain of 0.3%. This marked a slight deceleration from the prior month’s 0.3% gain. The increase primarily reflected a rise in compensation to employees that was partly offset by a decrease in personal current transfers. Accounting for inflation and taxes, […]</p>
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