The Bureau of Economic Analysis revealed that total Personal Consumption Expenditure (PCE) deflator inflation slowed further in August, but core and super core inflation ticked up year-over-year. Meanwhile, household income growth was revised upward over the last year and continues to grow, and consumers remain content to spend (Figure 1).
Figure 1. Consumers continued to spend over July-August span
Sources: Bureau of Economic Analysis and The Conference Board.
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