U.S. consumer spending jumped 0.9 percent in August while the Personal Consumption Expenditures price index rose 0.3 percent, below expectations, with annual PCE inflation at 3.4 percent and core PCE at 3.0 percent. The data may delay a Fed rate move after its recent hike to 3.75 to 4.00 percent; markets reacted and the saving rate fell to 4.1 percent.
