U.S. consumer spending posts the largest increase in a year, with the core PCE rising by 0.2%

CoinMeta data: U.S. consumer spending grew at the fastest rate in over a year in August, with a month-on-month increase of 0.6%, marking the largest single-month increase since March 2025. Under ongoing inflationary pressures, consumer spending continues to drive the economy. Meanwhile, the Federal Reserve's favored inflation indicator—the Personal Consumption Expenditures Price Index (PCEPI)– rose 0.3% month-on-month in August, and the core PCEPI index, which excludes food and energy costs, rose 0.2%.