Personal income rose faster that expected in August, while spending by individuals remained steady, according to a government report released this morning.
Personal income increased $59.3 billion, or 0.5% last month, the Commerce Department said, beating the 0.3% rise economists expected.
Meanwhile, spending by individuals rose $41.3 billion, or 0.4%, matching the gain from the previous month.
Investors are waiting as more data is yet to come this morning.
2 important data numbers on watch:
September ISM manufacturing numbers will be reported at 10AM EST.
Consumer sentiment data will be released at 9:55 AM EST.
