US consumer spending revives

Consumer spending in the US rose 0.8 percent in July, reversing a 0.2 percent fall in June. However, personal income rose only 0.1 percent.

Without a bigger rise in income, I don't see the growth in consumer spending being sustained going forward.

Core personal consumption spending price index -- the Fed's favorite inflation measure -- was steady in July, putting its annual rate at 1.5 percent.