US consumer spending rises moderately in August; inflation slows
- Posted on September 27, 2024
- By Business News Today
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US consumer spending rises moderately in August; inflation slows
U.S. consumer spending saw a moderate increase of 0.2% in August, indicating sustained economic momentum in the third quarter. Inflation pressures continued to ease, with the PCE price index rising just 0.1%. Higher wages and savings are expected to support consumer spending for the rest of the year.
