You are here

LATEST US DATA

Consumer spending, inflation up in July; incomes cool

BT_20180831_NAHUSDATA31_3548080.jpg
Hoppers waiting to try on sneakers at Stadium Goods in New York. Purchases, which account for about 70 per cent of the economy, rose 0.4 per cent from the prior month for the second straight time.

New York

US consumer spending extended gains into July and inflation rose to a six-year high, reflecting economic strength that should keep Federal Reserve policy makers on track to keep gradually raising interest rates.

Purchases, which account for about 70 per cent of the economy...

sentifi.com

Market voices on: