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(Image from article: "Consumer spending, incomes rise in July")

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Consumer spending, incomes rise in July

Consumer spending rose at the strongest pace in four months in July, supported by a small gain in incomes, offering hope that consumers will be able to keep contributing to a modest recovery.

Senh: Some more good news for the economy. Hopefully, they keep coming.

U.S. consumer spending, pending home sales up

U.S. consumers spent more in June and pending sales of previously owned homes also rose, data issued on Tuesday showed, but the biggest drop in incomes in four-and-a-half years pointed to a slow recovery from the worst recession in decades.

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