U.S. Consumer Spending Slows, Even as Core Inflation Continues to Cool in August

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<p>Personal income grew 0.4% month-on-month (m/m) in August, in line with market expectations. This was a sizeable acceleration from the prior month’s 0.2% gain. The increase primarily reflected a rise in compensation to employees, receipts on assets, rental income, and proprietors’ income that was partly offset by a decrease in personal current transfers. Accounting for […]</p>
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