Overseas Headlines – August 31, 2023
Coleeann Hutchinson2023-08-31T09:05:47-05:00August 31, 2023 United States: Fed’s Preferred Inflation Gauges Rise Modestly, Spending Jumps The Federal Reserve’s preferred measure of underlying inflation posted the smallest back-to-back increases since late 2020, encouraging a burst of consumer spending and feeding growing expectations that the economy can avert a recession. The core personal consumption expenditures price index, which