U.S. Consumer Spending Falls for First Time in 6 Months

Aug. 29 (Bloomberg) -- Consumer spending in the U.S. unexpectedly dropped in July for the first time in six months, decreasing 0.1 percent after increasing 0.4 percent in June, Commerce Department figures showed today in Washington. Incomes climbed 0.2 percent, the smallest monthly advance this year. Betty Liu and Scarlet Fu report on Bloomberg Television's "In the Loop." (Source: Bloomberg)
QIC's Peter: Why the RBA Will Be Cutting Rates Further
15:56 - March 3 -- QIC's Matthew Peter discusses the outlook for Reserve Bank of Australia monetary policy with Bloomberg's Rishaad Salamat on "Trending Business."
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