Consumer spending increased slightly less than expected in August, suggesting some moderation in economic growth in the third quarter.
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Tag: Core inflation
Fed expected to deliver quarter-percentage-point rate cut next week
U.S. central bankers will likely start long-awaited interest rate cuts next week with a quarter-of-a-percentage-point reduction.
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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.
Read More Inflation rises moderately in April, consumer spending slows
Inflation Surges Beyond Expectations, Undermining ‘Bidenomics’ Narrative
The Consumer Price Index report for December, released today, reveals an annual inflation increase of 3.4%, surpassing expectations.
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