Personal income rose 0.2% in August, while personal spending increased 1.3%, fueled largely by the success of the “cash for clunkers” auto program, new data on personal consumption expenditures released by the Commerce Department yesterday indicated.

Core PCE was up 0.1%.

A poll of economists by IFR Markets had predicted that personal spending would increase 1.1% and that personal income would increase 0.1%.

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