People talk near a 2024 Cooper S convertible on the floor of a Mini dealership Saturday, Oct. 21, 2023, in Highlands Ranch, Colo. On Friday, an inflation gauge that is closely monitored by the Federal Reserve showed price increases remained elevated in September amid brisk consumer spending and strong economic growth. (AP Photo/David Zalubowski)
October 29, 2023
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October 29, 2023 midnight
US consumers keep spending briskly even in the face of persistent inflation and high interest rates
Friday's report from the Commerce Department showed that prices rose 0.4% from August to September, the same as the previous month. And compared with 12 months earlier, inflation was unchanged at 3.4%.