July Personal Consumption Expenditure Edges Up

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Personal income increased by $71.7 billion in July, growing at a seasonally adjusted annual rate of 0.5%, according to the most recent data release from the Bureau of Economic Analysis.  Personal consumption expenditure rose by 0.3%, after a 0.6% increase in June. Disposable personal income – income remaining after deducting personal income taxes – continued its steady growth, and so… Read More ›

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