Bloomberg Businessweek Daily: PCE Curbs Fed Bets (Podcast)
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The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF 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, for the biggest monthly jump since March 2025. The Federal Reserve’s preferred measure of underlying inflation, the personal consumption expenditures price index excluding food and energy, rose a less-than-expected 0.2%. The prior month was also revised lower. On today's episode: Mike McKee, Bloomberg News & Lindsey Piegza, Chief Economist at Stifel David Bahnsen, Founder & CIO at The Bahnsen Group Mike McGlone, Bloomberg Intelligence Senior Commodity Strategist Jennifer Palmer, Founder & CEO at JPalmer Collective Chapters: 00:00:25 - Mike McKee, Bloomberg News 00:05:00 - Lindsey Piegza, Chief Economist at Stifel 00:14:41 - Dani Burger, Blo
Tags: Bill Ackman, Businessweek, Carol Massar, Christina Ruffini, Dani Burger, David Bahnsen, David Gura, Donald Trump, JPalmer Collective, Jennifer Palmer, Michael McKee, Mike McGlone, The Bahnsen Group, Tim Stenovec
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