The Bureau of Economic Analysis reports in the personal income and outlays summary that real disposable personal income and real personal consumption expenditures in July were in line with expectations.
Real disposable personal income rose 0.3% in July following a 0.2% increase in June, and are now 2.0% higher than a year ago.
Real personal consumption expenditures were up 0.4% following a -0.1% reading in June, and are now up 2.0% year over year as well.
