U.S. consumers boosted their spending in July, but more slowly than in prior months as new coronavirus infections rose and the expiration of enhanced unemployment checks loomed.
“Spending numbers have come back more than the economy as a whole, with the help of a lot of fiscal support,” said Jim O’Sullivan, an economist at TD Securities. “The question going forward is as fiscal support wanes, to what extent will it weaken.”
Personal-consumption…
