US consumer spending exits third quarter on strong note; monthly core inflation rises gazette.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gazette.com Daily Mail and Mail on Sunday newspapers.
The ongoing United Auto Workers strike could put upward pressure on inflation, according to Barclays, as vehicle prices retreat from their pandemic-era surge.
Two of the three main benchmarks fell Thursday as investors looked ahead to a key update on the labor market. Stocks spent most of Thursday morning in positive territory as investors cheered the latest inflation data. While the indexes ran out of steam around lunchtime, a mid-afternoon rally brought them off their session lows, and put a cap on what's been a very tough month for the equities market. The Bureau of Economic Analysis this morning said its July personal consumption and expenditures
US inflation metrics gave mixed signals in separate reports Friday, complicating a narrative of moderating price pressures in the world’s largest economy.