Latest Financial Economic News For Investors 

Published Friday, September 3, 2021 at: 9:04 PM EDT

 Savings, spending and employee compensation - key fundamentals driving U.S. economic growth - were all very strong in July, according to the latest government reports. However, today's announcement showing the economy created 235,000 new jobs last month was a disappointment.  Here are the highlights of the latest financial economic news.  Disposable personal income remained strong in July, as DPI surge from the third round of Covid relief checks to consumers is spent down and the extra unemployment benefits are no longer available. Personal spending, however, has recovered to its pre-Covid trend pace. The savings rate, at 9.6%, is still elevated compared to before...

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This article was written by a veteran financial journalist based on data compiled and analyzed by independent economist, Fritz Meyer. While these are sources we believe to be reliable, the information is not intended to be used as financial advice without consulting a professional about your personal situation.

Indices are unmanaged and not available for direct investment. Investments with higher return potential carry greater risk for loss. Past performance is not an indicator of your future results.

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