Fed's preferred measure of inflation dips to 3.4 percent in August

US economy shows resilience on solid consumer spending, growth data

Cooler-than-expected August inflation data and strong consumer spending gave markets a boost before a frantic final hour of trading erased gains.

Americans spent more in August, but they raided their savings to do it

Consumer spending was strong in August, but personal income didn't keep up.

Consumer Spending Soared In August

Americans stepped up their spending in August, defying some of the weakest readings on consumer sentiment and confidence in years.

Fed's preferred measure of inflation dips to 3.4 percent in August

The Federal Reserve’s preferred measure of inflation dipped in August, as multiple central bank officials have said future interest rate hikes could be on the horizon. The personal consumption expenditures (PCE) price index rose 0.3 percent from July to August and was up 3.4 percent year over year, according to data released Wednesday by the...

The US Economy “Is Running Hot,” Lots of Consumer Spending Growth, Lots of Inflation. The Bond Market Sees it Too

Spending on discretionary goods and services that people buy to have fun with was particularly motivated.

Fed's Preferred Inflation Gauge Misses Expectations; Goldman Drops October Rate-Hike Call

The Federal Reserve's preferred inflation gauge came in below market expectations, according to data released by the Bureau of Economic Analysis, prompting Goldman Sachs to withdraw its forecast for an October rate hike as traders reassessed the pace of monetary tightening heading into the final months of the year.Read more...