Consumer spending increased slightly less than expected in August, suggesting some moderation in economic growth in the third quarter.
Read More US consumer spending, inflation rise moderately in AugustTag: PCE price index
Fed likely to hold rates steady one last time as inflation fight finale unfolds
The Federal Reserve is expected to open the door to interest rate cuts as soon as September by acknowledging inflation has edged nearer to the U.S. central bank’s 2% target.
Read More Fed likely to hold rates steady one last time as inflation fight finale unfoldsUS 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.
Read More US inflation rises moderately, consumer spending coolsInflation 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 slowsReport: Inflation Increased Again In March As Consumer Spending Rose
According to the latest report, inflation increased in March, with a key barometer the Federal Reserve watches closely showing that price pressures continue to increase.
Read More Report: Inflation Increased Again In March As Consumer Spending RoseUS economic growth slows in first quarter; inflation surges
he U.S. economy grew at its slowest pace in nearly two years as a jump in imports to meet still-strong consumer spending widened the trade deficit.
Read More US economic growth slows in first quarter; inflation surges