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Tag: BMO Capital MArkets

US Consumer Spending Rebounds, But High Inflation Cooling Demand
U.S. consumer spending increased more than expected in August, but stubbornly high inflation is dampening demand, potentially limiting an anticipated rebound in economic growth this quarter. The report from the Commerce Department on Friday also...
Stubbornly High Rents, Food Prices Boost US Inflation in August
U.S. consumer prices unexpectedly rose in August and underlying inflation accelerated amid rising costs for rents and healthcare, giving the Federal Reserve ammunition to deliver a third 75 basis points interest rate hike next Wednesday....