HALISTER1: U.S. ECO PREVIEW: Personal Income/Spending Due in 5 Minutes

U.S. ECO PREVIEW: Personal Income/Spending Due in 5 Minutes

(Bloomberg) -- Personal income seen rising 0.2% in Aug. after increasing 0.4% in July (forecast range +0.1% to +0.3%); tracks wages and salaries, investment and rental income, transfer payments.
  • Personal spending seen rising 0.1% in Aug. after increasing 0.3% in July (forecast range -0.1% to +0.4%); tracks spending on goods and services, is used to calculate GDP
  • Prior report showed disposable income adjusted for inflation rose 0.4% in July, most this year
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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