Bloomberg Businessweek Daily: PCE Curbs Fed Bets (Podcast)

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF US consumer spending rose in August at the fastest pace in over a year, helping to power the economy through persistent inflation. Inflation-adjusted personal spending climbed 0.6% in August from a month earlier, for the biggest monthly jump since March 2025. The Federal Reserve’s preferred measure of underlying inflation, the personal consumption expenditures price index excluding food and energy, rose a less-than-expected 0.2%. The prior month was also revised lower. On today's episode: Mike McKee, Bloomberg News & Lindsey Piegza, Chief Economist at Stifel David Bahnsen, Founder & CIO at The Bahnsen Group Mike McGlone, Bloomberg Intelligence Senior Commodity Strategist Jennifer Palmer, Founder & CEO at JPalmer Collective (Source: Bloomberg)