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SAN FRANCISCO–(BUSINESS WIRE)–Visa (NYSE: V) today announced that the U.S. Spending Momentum Index (SMI) was 109.6 in August (seasonally adjusted), down 2.9 points from July. With the SMI reading still above 100, this signals that more consumers are still spending more than they did a year ago. By category, the SMI for discretionary purchases fell 2.0 points from the previous month to 105.8. The SMI for non-discretionary purchases was unchanged at 100.1. The SMI slowed across all regions in t
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