August showed a surprising boost in the US economy as consumer spending climbed 0.4%, signaling continued confidence in household demand. What’s notable? Core inflation held steady at 2.9%, suggesting that prices for goods and services remain relatively stable despite rising spending.
This mix of healthy consumption + controlled inflation could influence Fed policy decisions and points to a resilient consumer base driving the economy forward.
💡 Key takeaway: Americans are spending, but inflation isn’t spiraling a positive signal for economic stability.
