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BUSINESSKSL·3h ago

Inflation rises less than expected in August; consumer spending surges

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AI TLDR · GEMINI

Inflation rose less than expected in August, while consumer spending saw a surge. These economic indicators may influence the Federal Reserve's decision regarding interest rates next month.

Inflation increased less than expected in August, which could see financial markets further reduce the ​odds of another interest rate increase from the Federal Reserve next month.

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