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

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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)

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