{"id":899509,"date":"2026-10-30T04:32:09","date_gmt":"2026-10-30T04:32:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/899509\/"},"modified":"2026-10-30T04:32:09","modified_gmt":"2026-10-30T04:32:09","slug":"u-s-inflation-picks-up-while-real-consumer-spending-stalls","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/899509\/","title":{"rendered":"U.S. inflation picks up, while real consumer spending stalls"},"content":{"rendered":"<p>                                                        <img width=\"760\" height=\"481\" src=\"https:\/\/www.newsbeep.com\/us\/wp-content\/uploads\/2026\/10\/web1_20261029_brk_frm01.jpg\" class=\"img-fluid h-100 w-100\" alt=\"STAR-ADVERTISER \/ JUNE 2025&#10;                                People shop for produce at King\u0573 Farms tent at the weekly Blaisdell Farmers Market in Honolulu. U.S. inflation accelerated in September as consumers paid more for gasoline and other goods, supporting economists\u0092 expectations of an interest rate increase from the Federal Reserve in December.\" style=\"max-height:600px;object-fit:contain;\" decoding=\"async\" fetchpriority=\"high\"  \/><\/p>\n<p>STAR-ADVERTISER \/ JUNE 2025<\/p>\n<p>People shop for produce at King\u0573 Farms tent at the weekly Blaisdell Farmers Market in Honolulu. U.S. inflation accelerated in September as consumers paid more for gasoline and other goods, supporting economists\u2019 expectations of an interest rate increase from the Federal Reserve in December.<\/p>\n<p>WASHINGTON &gt;&gt; U.S. inflation accelerated in September as consumers paid more for gasoline and other goods, supporting economists\u2019 expectations of an interest rate increase from the Federal Reserve in December.<\/p>\n<p>The Personal Consumption Expenditures Price Index climbed 0.5% last month after an unrevised 0.3% rise in August, the Commerce Department\u2019s Bureau of Economic Analysis said today. The increase was in line with economists\u2019 expectations. In the 12 months through September, PCE inflation advanced 3.6% after an unrevised 3.4% rise in August.<\/p>\n<p>The data was included in the government\u2019s advance gross domestic product report for the third quarter, which showed the economy growing at a 3.4% annualized rate during that period.<\/p>\n<p>Excluding the volatile food and energy components, the PCE Price Index rose 0.3% over the month after an upwardly revised 0.3% gain in August.The so-called core PCE inflation was previously estimated to have climbed 0.2% in August.<\/p>\n<p>Core PCE inflation increased 3.1% year-on-year in September after an unrevised 3.0% rise in August.<\/p>\n<p>The U.S. central bank tracks the PCE price measures for its 2% inflation target. The Fed on Wednesday left its benchmark interest rate in the current 3.75%-4.00% range while acknowledging that inflation \u201cremains elevated.\u201d<\/p>\n<p>                        Don&#8217;t miss out on what&#8217;s happening!<\/p>\n<p class=\"email-form-blurb m-0\">Stay in touch with breaking news, as it happens, conveniently in your email inbox. It&#8217;s FREE!<\/p>\n<p>Fed Chairman Kevin Warsh told reporters that \u201cenergy and related prices have moved higher again in recent weeks, and our job is to ensure that relative price changes in some sectors do not broaden out across the economy, and that inflation expectations remain as they are anchored.\u201d<\/p>\n<p>Financial markets were pricing in a roughly 84.6% chance of a rate hike in December, CME\u2019s FedWatch Tool showed.<\/p>\n<p>Higher prices inflated consumer spending numbers in September. Consumer spending, which accounts for more than two-thirds of economic activity, rose 0.5% last month after an unrevised 0.9% increase in August, the BEA said.<\/p>\n<p>When adjusted for inflation, consumer spending was unchanged last month, heading into the fourth quarter on a weaker growth trajectory. Spending increased at a 3.8% rate in the July-September quarter.<\/p>\n","protected":false},"excerpt":{"rendered":"STAR-ADVERTISER \/ JUNE 2025 People shop for produce at King\u0573 Farms tent at the weekly Blaisdell Farmers Market&hellip;\n","protected":false},"author":2,"featured_media":899510,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[28,101],"class_list":["post-899509","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/899509","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=899509"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/899509\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/899510"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=899509"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=899509"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=899509"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}