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3 Numbers: US consumer spending growth to edge lower for July
The US consumer sector is in focus today with the July report on personal income and spending. We’ll also see the monthly release of the Dallas Fed’s profile of regional manufacturing activity. Meantime, keep your eye on the two-year Treasury yield as the market continues to digest last week’s modestly hawkish comments from US Federal Reserve Chair Janet Yellen. US: Personal Income & Spending (1230 GMT) US economic activity increased slightly less than previously estimated in the second quarter, the government reported on Friday. GDP advanced 1.1%, fractionally below the already weak 1.2% advance estimate ... (full story)