Consumer spending increased slightly less than expected in August, suggesting some moderation in economic growth in the third quarter.
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Tag: Bureau of Economic Analysis
US consumer spending solid in July; inflation rises moderately
Consumer spending increased solidly in July, arguing against a half-percentage-point interest rate cut from the Federal Reserve next month.
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US inflation rises moderately, consumer spending cools
U.S. prices increased moderately in June as the declining cost of goods tempered a rise in the cost of services.
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US inflation ebbs in May as goods prices fall
U.S. monthly inflation was unchanged in May as a modest increase in the cost of services was offset by the largest drop in goods prices in six months.
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US weekly jobless claims edge higher, Q1 labor costs revised lower
The labor market is cooling but not enough to allay the Federal Reserve’s hesitance to begin cutting interest rates.
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Inflation rises moderately in April, consumer spending slows
It is a worrying sign for the Fed, suggesting that the elevated pace of price increases could last longer than expected.
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