US consumer spending accelerated sharply in August even as income growth weakened. Personal spending rose from a revised 0.1% to 0.9% m/m, beating expectations of 0.8%, while personal income slowed from a revised 0.3% to 0.2%, missing the 0.5% consensus. The strength was not simply a price effect: real PCE increased 0.6% m/m, while real […]The post US PCE Inflation Misses Forecasts Even as Consumer Spending Accelerates appeared first on ActionForex.