The Bureau of Economic Analysis reported a 0.3% rise in consumer spending in September after a downward revision in August, signaling cautious but positive economic behavior.Despite sluggish labor markets and rising living costs limiting demand among middle- and lower-income households, consumer expenditure remains pivotal for economic growth.Inflation stayed steady near 2.8%, prompting expectations of a potential interest rate cut by the
Federal Reserve soon, with
Wall Street showing modest gains amid mixed signals.