Relevant:
- Economists Speculate on Fed's Monetary Policy Following CPI Report
- New Home Sales Fall Less than Expected in November Due to Revisions
- Fed Minutes Expose Hawkish Fed Fearful Of "Losing Credibility", No Hike Was "Close Call"
- Consumer spending rises in July (BUT DISAPPOINTS)
- Why Consumer Spending Increase is Bad News for Consumers and Economy
2008-08-04 — mortgagenewsdaily.com
"Economists say the personal income and spending report from the U.S. Department of Commerce posted higher-than-anticipated results for June due to downward revisions to the prior two months. Rising inflation adds to the hawkish viewpoint at the Fed, though it remains universally expected that the Fed will hold rates on Tuesday."
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