US Consumer Spending Jumps by Most in a Year
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US consumer spending rose in August at the fastest pace in over a year, helping to power the economy through persistent inflation. Inflation-adjusted personal spending climbed 0.6% in August from a month earlier, according to Bureau of Economic Analysis data released on Wednesday. That was the biggest monthly jump since March 2025. We get reaction from Bloomberg's Mike McKee and Lindsey Piegza, Chief Economist at Stifel. Bruce Markets CEO Jason Wallach joins Bloomberg News' Bernard Goyder to discuss the company's role in Robinhood Markets' plan to debut weekend equity trading. Jennifer Palmer, Founder & CEO at JPalmer Collective, discusses the evolving non-bank lending landscape. All on the latest episode of "Bloomberg Businessweek Daily." Chapters 00:00:00 Bloomberg Businessweek Daily 00:01:41 Markets React to Inflation Data 00:04:14 PCE Inflation & the Fed's Next Move 00:08:11 Consumer Resilience & Spending 00:10:11 Mortgage Rates, Energy & Affordability 00:14:45 Jobs Report & the L
Tags: Bernard Goyder, Bruce Markets, Businessweek, Carol Massar, Christina Ruffini, David Gura, Denitsa Tsekova, Donald Trump, JPalmer Collective, Jason Wallach, Jennifer Palmer, Lindsay Piegza, Michael McKee, Mortgage Rates, Nonbanks, PCE, Target, Tim Stenovec, Women Led Businesses, affordability
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