Core PCE Holds at 3.0% in August as Consumer Spending Jumps 0.9%

Core PCE inflation held at 3.0% in August while consumer spending jumped 0.9% and the saving rate fell to 4.1%, leaving the Fed a split signal before the October FOMC meeting.

Core PCE inflation held at 3.0% in August while consumer spending jumped 0.9% and the saving rate fell to 4.1%, leaving the Fed a split signal before the October FOMC meeting.