US inflation rises less than expected in August; consumer spending surges
US August inflation rises less than expected as consumer spending surges.
· Source: investing.com
August CPI came in below consensus, signaling moderating price pressures even as consumer spending accelerated—a potentially bullish setup for risk assets and a softer landing narrative. This mixed signal (cooling inflation + robust demand) typically supports equities and pressures USD if the market interprets it as runway for the Fed to cut rates without economic deterioration.
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