US personal spending up 1.9%
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US personal consumption expenditures rose 1.9% in July to $267.6bn, according to the Bureau of Economic Analysis.
The market was expecting a more modest rise of 1.5%.
Personal income rose 0.4%, ahead of expectations of a 0.3% fall, though the core PCE price index rose 0.3%, missing expectations of a 0.5% rise.
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