Bloomberg Economic Surprise Index Turns Negative Amid Sticky Inflation

The Bloomberg U.S. Economic Surprise Index moved below zero Monday after a series of U.S. economic releases came in weaker than analyst expectations, adding to concerns that persistent inflation is eroding consumer spending. The shift comes as price pressures remain elevated. The personal consumption expenditures price index rose 3.4% year over year in August. The core measure, which excludes food and energy, increased 3.0% over the same period. The latest inflation figures have kept attention on upcoming U.S. price data and their implications for financial markets. The U.S.

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