FILE - In this Aug. 11, 2020 file photo, shoppers walk through the Valley Mall in Halfway, Md. U.S. consumer confidence fell for second straight month in August as a resurgence of virus cases in many parts of the country heightened pessimism about the economy. (Colleen McGrath/The Herald-Mail via AP, File)
Money

US consumer spending rose a moderate 1.9% in July

In this Tuesday, March 3, 2020 file photo, Federal Reserve Chair Jerome Powell pauses during a news conference to discuss an announcement from the Federal Open Market Committee, in Washington. (AP Photo/Jacquelyn Martin)
Money

Jerome Powell likely to stress Federal Reserve’s ability to further aid economy

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