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And BMO's Ian Lyngen added today's....>

US DATA REACT
US DATA REACT: And BMO's Ian Lyngen added today's data also "showed Personal
Income at +0.2% MoM in August compared to +0.3% in July and inline with
expectations. Personal Spending was soft at +0.1% Aug vs. +0.3% July, but in
real terms, spending dropped -0.1%, the first time we've seen a negative print
since January."
- He adds the "savings rate was unchanged at 3.6%, bringing the 6-month moving
average to 3.7% from 3.8%. We've been watching savings recently because a lower
savings rate portends a drop in retail sales. Savings leads by roughly 18
months. Just food for thought."

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