US Inflation Surprise Curbs Fed Hike Bets
US Inflation Surprise Curbs Fed Hike Bets
The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF US consumer spending rose in August at the fastest pace in over a year, helping to power the economy through persistent inflation. Inflation-adjusted personal spending climbed 0.6% in August from a month earlier, for the biggest monthly jump since March 2025. The Federal Reserve’s preferred measure of underlying inflation, the personal consumption expenditures p
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The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF US consumer spending rose in August at the fastest pace in over a year, helping to power the economy through persistent inflation. Inflation-adjusted personal spending climbed 0.6% in August from a month earlier, for the biggest monthly jump since March 2025. The Federal Reserve’s preferred measure of underlying inflation, the personal consumption expenditures price index excluding food and energy, rose a less-than-expected 0.2%. The prior month was also revised lower. On today's episode: Mike McKee, Bloomberg News & Lindsey Piegza, Chief Economist at Stifel David Bahnsen, Founder & CIO at The Bahnsen Group Mike McGlone, Bloomberg Intelligence Senior Commodity Strategist Jennifer Palmer, Founder & CEO at JPalmer Collective See omnystudio.com/listener for privacy information.