U.S. Consumer Spending Rose in July : wsj

according to wsj

U.S. Consumer Spending Rose in July

U.S. Consumer Spending Rose in July

ENLARGE Back-to-school shopping at a Staples store in New York on Aug. 21.Photo: Richard B. Levine/Zuma PressWASHINGTON—Consumer spending rose for the fourth straight month in July, a sign that domestic consumption could continue to drive U.S. economic growth over the second half of the year.Four consecutive months of solid spending pointed to continued confidence on the part of the consumer, supported by steady job gains and low interest rates and gasoline prices.


in the same way investors

Consumer Spending Rises 0.3% In July, Up For Fourth Straight Month

Consumer Spending Rises 0.3% In July, Up For Fourth Straight Month

Consumer purchases advanced for a fourth straight month in July, bolstered by stronger income gains, sending the biggest part of the U.S. economy to a solid third-quarter start.The 0.3% rise matched forecasts and followed a 0.5% increase the prior month that was revised up, a Commerce Department report showed Monday in Washington.Incomes rose 0.4%, the most in three months.


as well sputniknews

Gains in US Consumer Spending Support Fed's Case for September Hike

Gains in US Consumer Spending Support Fed's Case for September Hike

–Kristian RouzUS consumer spending expanded for the fourth consecutive month in July, drawing support from income gains stemming from the positive dynamics in the labor market.Subsequently, the broader economy might fare better in 3Q16, after three straight quarters of near-1 percent annualized growth.A brighter outlook on economic expansion, in turn, supports the view that the Fed might indeed increase base borrowing costs in September, with potential spillovers anticipated to be offset by the upbeat macro figures.