World Markets for Crab Prepare for the Holiday Seasons
In August, the Federal Reserve received encouraging news on the inflation front as one of its key economic indicators, the personal consumption expenditures (PSE) price index, excluding food and energy, rose less than expected. This development suggests that the interest rate increases over the last year are yielding positive results. This is the smallest monthly increase since November 2020. Along with this, consumer spending rose 0.4%. That is down sharply from 0.9% in July.
All income groups pulled back on spending in August...
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