US Economy Shows Resilience Amid Sticky Inflation and Market Gains
TL;DR Summary
The Federal Reserve's key inflation indicator remained high in August at 2.7%, complicating efforts to control inflation amid new tariffs announced by President Trump, with consumer spending rising but incomes growing slowly, leading to a decline in savings.
- Fed's go-to gauge shows sticky inflation as Trump threatens more tariffs Axios
- Stock market today: Dow, S&P 500, Nasdaq bounce after 3-day slide, but end week lower Yahoo Finance
- Core inflation rate held at 2.9% in August, as expected, Fed’s gauge shows CNBC
- Solid US consumer spending in August underscores economy's resilience Reuters
- S&P 500 Gains as Inflation Report Helps Restart Rally Bloomberg.com
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