Consumer spending came in strong even as the Fed’s preferred inflation gauge remained stubbornly high in August – though not enough to dash hopes for an interest rate cut next month. Personal ...
Core PCE inflation stayed at 2.9% in August, above the Fed’s 2% target. Consumer spending rose 0.6%, outpacing forecasts despite weak jobs data. Economists warn risks tied to stock market and housing ...
The U.S. economy grew at a strong 3.8% annualized pace in the second quarter, the government reported Thursday in its final revision of gross domestic product data for April through June. U.S. GDP — ...
Copyright 2025 The Associated Press. All Rights Reserved. Copyright 2025 The Associated Press. All Rights Reserved. The government reports an uptick in consumer ...
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