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LATEST US DATA

Consumer spending continues growth in July as incomes rise

Another report of robust job gains in August will further boost expectations for Fed to raise interest rates in Sept

Washington

CONSUMER purchases advanced for a fourth straight month in July, bolstered by stronger income gains, sending the biggest part of the US economy to a solid third-quarter start.

The 0.3 per cent rise matched forecasts and followed a 0.5 per cent increase in the prior month