Wall Street week ahead: Reports on consumer confidence and inflation on tap
- The Conference Board will release its consumer confidence report on Tuesday, expected to show a decline in confidence for August.
- Consumer confidence has been weak throughout the year due to persistently high inflation.
- Inflation has been exacerbated by the U.S. war with Iran, affecting global oil supplies and increasing gasoline prices.
- The personal consumption expenditures (PCE) report will be released on Wednesday, which is the Federal Reserve's preferred measure of inflation.
- The Federal Reserve is expected to maintain its benchmark interest rate at its upcoming September meeting.
Wall Street will receive important updates next week regarding consumer confidence and inflation measures. The Conference Board's latest consumer confidence report is set to be released on Tuesday, with expectations indicating a further decline in confidence for August following a drop in July.
Consumer confidence has remained weak for most of the year, largely due to stubbornly high inflation rates. The ongoing U.S. war with Iran has contributed to rising inflation by disrupting global oil supplies, which has led to increased gasoline prices and affected household budgets.
Another significant update on inflation will come on Wednesday with the release of the personal consumption expenditures (PCE) report for July, which is favored by the Federal Reserve as a measure of inflation. Similar to the consumer price index, the PCE has indicated that inflation remains above 3%. The Fed has been attempting to bring inflation down to its target rate of 2% but has faced challenges, particularly with tariffs imposed globally and the impact of the Iran conflict.
In light of these developments, the Federal Reserve is expected to keep its benchmark interest rate steady during its upcoming meeting in September.
华尔街下周关注消费者信心和通胀报告
华尔街下周将收到有关消费者信心和通胀指标的重要更新。会议委员会的最新消费者信心报告定于周二发布，预计显示8月份信心进一步下降，此前7月份已经出现下滑。
由于通胀率持续高企，消费者信心在今年大部分时间表现疲软。美国与伊朗的战争通过扰乱全球油供应加剧了通胀，导致汽油价格上涨，影响了家庭预算。
周三将发布7月份的个人消费支出（PCE）报告，这是美联储首选的通胀衡量标准，预计将提供另一个重要的通胀更新。与消费者价格指数类似，PCE显示通胀仍高于3%。美联储一直试图将通胀降至2%的目标水平，但面临挑战，尤其是全球范围内施加的关税以及伊朗冲突的影响。
鉴于这些发展，美联储预计将在即将到来的9月份会议上维持基准利率不变。