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US inflation comes in below expectations in August amid high energy prices linked to Iran war
The brief
- US inflation in August rose less than expected despite high energy prices linked to the Iran war
- Consumer spending increased despite rising prices
- US economy picks up pace in Q2, grows 2.2%
- US core PCE inflation undershoots estimates as Q2 GDP growth is revised to 2.2%
- US PCE inflation rises 0.3% in August as consumer spending surges
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