US Personal Spending Rises More Than Expected in August

Well, the markets are basically not expecting a huge change, and we don't really get a huge change, although the PC price index for the month of August is up at 3/10, which is, as forecast, a little higher than it was last month, puts the year over year rate at 2.7% just as forecast. And the core rate comes in at 2/10, same as forecast, a little lower than last month and that leaves us at 2.9%. So no real change in the inflation picture, although as we talked about with Tom Barkin earlier today, it's not ge ...