Inflation Slows, Consumer Spending Rises, and Rate Concerns Downplayed
TL;DR Summary
The US dollar remained steady against a basket of currencies as the core personal consumption expenditures (PCE) price index, a key measure of inflation, slowed in August. The index rose 3.9% on an annual basis, down from 4.3% in July. The dollar index is down 0.40% on the day, while the euro is up 0.38% and the yen fell 0.13% against the dollar.
- Dollar steady as core price inflation slows in August Reuters
- The Fed's favorite inflation indicator rose less than expected in August CNBC
- Consumer spending rises again, but it's not all great. Higher gas prices play a role. MarketWatch
- The Reserve Bank shouldn't be spooked by Australia's imported inflation | Grogonomics The Guardian
- Chalmers 'downplayed' concerns over petrol prices potentially triggering another rate rise Sky News Australia
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