US Consumer Spending Jumps by Most in a Year

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, according to Bureau of Economic Analysis data released on Wednesday. That was the biggest monthly jump since March 2025. We get reaction from Bloomberg’s Mike McKee and Lindsey Piegza, Chief Economist at Stifel. Bruce Markets CEO Jason Wallach joins Bloomberg News’ Bernard Goyder to discuss the company’s role in Robinhood Markets’ plan to debut weekend equity trading. Jennifer Palmer, Founder & CEO at JPalmer Collective, discusses the evolving non-bank lending landscape. All on the latest episode of "Bloomberg Businessweek Daily."

Chapters
00:00:00 Bloomberg Businessweek Daily
00:01:41 Markets React to Inflation Data
00:04:14 PCE Inflation & the Fed’s Next Move
00:08:11 Consumer Resilience & Spending
00:10:11 Mortgage Rates, Energy & Affordability
00:14:45 Jobs Report & the Labor Market
00:15:47 Fed Renovation Report Finds No Criminal Wrongdoing
00:19:01 Markets: Stocks, Bonds & Oil
00:21:06 The Push for 24/7 Stock Trading
00:23:02 Challenges of Weekend Trading
00:26:02 Technology, Clearing & Market Infrastructure
00:27:35 Risks of Markets That Never Close
00:32:35 Markets: Inflation, Yields & Stock Movers
00:34:56 Inside the Growth of Nonbank Lending
00:36:16 Financing Women-Led Businesses
00:39:19 Debt vs. Equity & Private Credit
00:42:39 Stock Movers: Moderna & Cancer Vaccines
00:44:28 Robinhood, Prediction Markets & 24/7 Trading
00:46:23 Target’s Turnaround & the Consumer
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US Consumer Spending Jumps by Most in a Year

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