Major Indexes Trade Cautiously On New Spending And Inflation Data

U.S. consumer spending increased more than expected in August, but consumption was weaker than initially thought in the prior month, keeping intact expectations that economic growth slowed in the third quarter amid a resurgence in COVID-19 infections. The report from the Commerce Department on Friday also showed inflation remaining hot in August, though price pressures have likely peaked. #inflation #economicdata #level3trading

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