U.S. consumer spending posts biggest monthly gain in more than a year
AI Market Summary
August real U.S. personal spending accelerated 0.6% m/m, the strongest rise since March 2025, while PCE inflation remained firm (0.3% m/m; core 0.2%). The mix of resilient demand and sticky inflation reinforces "higher-for-longer" rate risk, pressuring duration-sensitive assets and tightening financial conditions. Near-term, this backdrop is typically supportive for USD and challenging for risk assets.
Impact level
● High
Affected assets
NCSIDXY2USD/USDT-0.20%
AI Insight · NCSIDXY2USD/USDTAI Insight
▼ Bearish
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BlockBeats News, Sept. 30 — U.S. consumer spending accelerated sharply in August, providing fresh support to the economy even as inflation pressures lingered. Data released Wednesday by the Bureau of Economic Analysis showed real personal consumption expenditures rose 0.6% month over month in August, the largest increase since March 2025. The Federal Reserve's preferred inflation measure, the Personal Consumption Expenditures (PCE) Price Index, climbed 0.3% on the month, while core PCE excluding food and energy rose 0.2%. (Jin10)
