US consumer spending barely rose in August likely as Hurricane Harvey weighed on auto sales and annual inflation increased at its slowest pace since late 2015, pointing to the moderation in economic growth in the third quarter. The Commerce Department said on Friday consumer spending, which accounts for more than two-thirds of U.S. economic activity, edged up 0.1 percent last month also as unseasonably mild temperatures reduced demand for utilities. That followed an unrevised 0.3 percent increase in July. Last month's gain in consumer spending was in line with economists' ...
US consumer spending barely rises 0.1% in August; core inflation retreats
The US inflation remained benign last month