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المشهد العربي
US personal consumption inflation slows in August
The Personal Consumption Expenditures (PCE) price index in the United States declined to an annual rate of 3.0% in August, down from 3.3% in July, indicating a slowdown in inflation in the American economy. This comes as the Federal Reserve monitors inflation indicators and consumer spending ahead of a decision on interest rate hikes, after raising rates for the first time in three years earlier this month. The market is awaiting the September employment report, along with inflation and consumer behavior data, to gain a clearer picture of the U.S. economy’s condition before the upcoming interest rate decision scheduled for October 28.
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