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US inflation rises less than expected in August; consumer spending surges

U.S. inflation increased less than expected in August, which could see financial markets further reduce the odds of another interest rate increase from the Federal Reserve next month.

Sources (2)· Sep 30, 12:49 PM to Oct 7, 7:03 PM

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Reuters· Sep 30, 12:49 PMUS inflation rises less than expected in August; consumer spending surges
Seeking Alpha· Oct 7, 7:03 PMConsumer credit rises less than expected in August

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Consumer credit rises less than expected in AugustAugust U.S. consumer credit: +$8.28B vs. +$15.00B consensus and +$17.74B in July, according to data released by the Federal Reserve on Wednesday.

Seeking Alpha1d agoWhole story →

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