US Economy
US Consumers Defy Expectations in August: Robust Spending Challenges Fed's Rate Cut Path
US consumer spending surged in August, topping estimates and showcasing remarkable resilience despite modest price pressures, according to the latest Personal Consumption Expenditures (PCE) data released by the US Bureau of Economic Analysis (BEA) on Friday, September 26, 2025. This stronger-than-anticipated consumer activity, which saw spending rise by 0.6%