US consumer spending strong in July; services inflation warms up
Investing.comFriday, August 29, 2025 at 2:43:17 PM
PositiveFinancial Markets
US consumer spending showed strong growth in July, indicating a robust economy. However, inflation in the services sector is beginning to rise, which could impact future spending.
Editor’s Note: This matters because consumer spending is a key driver of economic growth. A strong July suggests that consumers are confident, but rising inflation in services could lead to higher costs for households, affecting their purchasing power.
— Curated by the World Pulse Now AI Editorial System
