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Data● Neutral for Indian equities
US PCE inflation rises 0.3% in August as consumer spending surges
The brief
- The Personal Consumption Expenditures Price Index rose 0.3% in August
- July’s gain was revised down to 0.1%
- India Inc can weather 50 bps rate hike, El Nino impact: Crisil
- US consumer spending rises most in a year, core PCE up 0.2%
- Americans get back to their spending ways. Economy might be speeding up again.
- US core PCE inflation undershoots estimates as Q2 GDP growth is revised to 2.2%
- More Americans are tapping investments to pay for spending, analysis finds
U.S. inflation and consumer spending in August
U.S. core PCE inflation was 3.0% in August, below the 3.3% forecast; headline PCE inflation was projected at 3.7%.
Wednesday, 30 September
- US PCE inflation rises 0.3% in August as consumer spending surges