Consumer Spending Rose In August As Inflation Remained Above Fed Target

By Ethan Faverino | American consumer spending increased in August as inflation remained above the Federal Reserve’s 2% target and the personal savings rate declined, according to the latest economic updates released by Congress’ Joint Economic Committee (JEC). The JEC’s August Monthly Expenditures Update reported that the Personal Consumption Expenditures (PCE) price index, a key […] The post Consumer Spending Rose In August As Inflation Remained Above Fed Target first appeared on AZ FREE NEWS.