Business & Finance
Upcoming economic reports on consumer confidence and PCE inflation set to gauge US price pressures
Investors await data releases as persistent inflation above 3% and elevated energy costs cloud the economic outlook ahead of the Federal Reserve's September meeting.
The short version
- The Conference Board is scheduled to release August consumer confidence data on Tuesday, followed by the July PCE price index on Wednesday.
- Persistent inflation above 3% continues to strain consumer sentiment and household budgets across the U.S.
- The Federal Reserve is widely anticipated to maintain its benchmark interest rate at its upcoming September policy meeting.
Key facts
- The Conference Board's consumer confidence report for August is scheduled for release on Tuesday, with markets expecting a continued decline following July's dip.[ABC News · Associated Press]
- The U.S. government will issue the personal consumption expenditures (PCE) report for July on Wednesday, providing the latest readout on the Federal Reserve's primary inflation gauge.[ABC News · Associated Press]
- Inflation measures remain above 3%, exceeding the Federal Reserve's stated 2% target rate.[ABC News · Associated Press]
- The Federal Reserve is expected to keep its benchmark interest rate unchanged during its September meeting.[ABC News · Associated Press]
What remains uncertain
- The exact magnitude of the August change in consumer confidence and the July PCE inflation rate remains unknown until the official figures are published.[ABC News · Associated Press]