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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, for the biggest monthly jump since March 2025. The Federal Reserve’s preferred measure of underlying inflation, the personal consumption expenditures price index excluding food and energy, rose a less-than-expected 0.2%. The prior month was also revised lower.

On today's episode:

• Mike McKee, Bloomberg News & Lindsey Piegza, Chief Economist at Stifel
• David Bahnsen, Founder & CIO at The Bahnsen Group
• Mike McGlone, Bloomberg Intelligence Senior Commodity Strategist
• Jennifer Palmer, Founder & CEO at JPalmer Collective