US Consumer Spending Jumps by Most in a Year
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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, according to Bureau of Economic Analysis data released on Wednesday...
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, according to Bureau of Economic Analysis data released on Wednesday. That was the biggest monthly jump since March 2025. We get reaction from Bloomberg's Mike McKee and Lindsey Piegza, Chief Economist at Stifel. Bruce Markets CEO Jason Wallach joins Bloomberg News' Bernard Goyder to discuss the company's role in Robinhood Markets' plan to debut weekend equity trading. Jennifer Palmer, Founder & CEO at JPalmer Collective, discusses the evolving non-bank lending landscape. All on the latest episode of "Bloomberg Businessweek Daily."
(Source: Bloomberg)
Original Source
https://www.bloomberg.com/news/videos/2026-09-30/bloomberg-businessweek-daily-9-30-2026-video
