September 26, 2025
United States:
US Consumer Spending Posts Strong Gain Despite Sticky Inflation
US personal spending rose at a solid clip in August for a third month, suggesting consumers continued to power the economy despite elevated inflation.
Consumer spending, adjusted for changes in prices, increased 0.4% last month, according to Bureau of Economic Analysis data out Friday.
Europe:
ECB Says Consumers’ Inflation Expectations Rose in August
Inflation expectations among euro-zone consumers increased in August, the European Central Bank said, backing calls to not lower interest rates further.
Prices were seen rising 2.8% over the next 12 months, up from 2.6% in July, according to a monthly survey released Friday.
Asia:
PBOC Vows to Keep Policy Accommodative, Maintain Ample Liquidity
China’s central bank has pledged to maintain a moderately loose monetary stance and ample liquidity to support economic recovery, as the economy continues to face challenges from insufficient domestic demand and low prices.
The People’s Bank of China’s monetary policy committee reiterated its commitment to strengthen monetary policy adjustments and make them more forward-looking, targeted and effective, according to a statement Friday following its quarterly meeting on Sept. 23.
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