- U.S. consumer spending rose by 0.3% in July, matching economists’ expectations.
- Personal income increased by 1.1%, or by $225.9 Billion, in July.
- The overall personal consumption expenditures price index rose 0.4% in July and is up 4.2% from a year prior.
- The core personal consumption expenditures price index, which excludes food and energy, rose 0.3% in July and is up 3.6% from the previous year.
- The Right Facts will continue to monitor spending and income.