Personal Income

Friday, Sept. 30, 8:30 a.m.

The MMS survey forecasts that personal income rose 0.4% in August, after advancing 0.5% in July. Wages and salaries probably struggled, as indicated by the drop in weekly pay and slower job growth last month. However, higher interest rates and better corporate profits are lifting personal interest-and-dividend income. Consumer spending probably increased by a healthy 0.6% in August, after a puny 0.2% gain in July. That's suggested by the 0.8% rise in retail sales.

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