Persistent Inflation and a Strong Consumer Complicate the Fed’s Interest-Rate Path

LIVE PCE Inflation Report: Numbers Come in as Expected, Paving Way for Rate Cut That makes the Federal Reserve's next interest-rate decision a little bit trickier, as inflation remains elevated, economic growth is resilient, and the labor market weakens. Consumer spending grew by 0.6% last month, the Bureau of Economic Analysis reported Friday. That's higher than July's 0.4% pace. The increase, fueled by rising compensation, shows households are still willing to spend even as inflation remains elevated. Top ...