by: xpoolPosted on:

U.S. Consumer Spending & Inflation Rise Amidst Weak Job Data

The July U.S. consumer price index (CPI) saw a slight increase of 0.2%, while consumer spending also rose modestly, despite weak job market figures. This suggests potential for the Federal Reserve to adjust monetary policy in the future, impacting sectors like housing and digital assets. The potential for a rate cut by the Fed, which could boost economic activity, is being closely watched.

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