Inflation cooled slightly last month even as consumers stepped up spending - AP News — SkimNews
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- Core inflation, measured by the Federal Reserve's preferred gauge, hit 3.0% in August, coming in much lighter than expected.
- Consumer spending stepped up during the same month despite cooling inflation, pointing to continued economic resilience.
Why it matters: A cooler-than-expected 3.0% core inflation reading paired with stronger consumer spending gave the Federal Reserve a dual signal—price pressures easing while demand holds up—heading into Q4.
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