US Consumer Spending Jumps by Most in a Year

US consumer spending rose in August at the fastest pace in over a year, helping to power the economy through persistent inflation. Inflation-adjusted personal spending climbed 0.6% in August from a month earlier, according to Bureau of Economic Analysis data released on Wednesday. That was the biggest monthly jump since March 2025. Eric Winograd, Chief Economist at AllianceBernstein, reacts to...