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. Eric Winograd, Chief Economist at AllianceBernstein, reacts to…
We find an 81.5% success rate when stocks are rising and inflation is modest. The chances of success plunge if inflation is elevated or markets are soft.
The Senate will vote on bills that would ban members from trading stocks while in office, and to address data center-related utility costs, amid Democratic opposition.
