Wall Street week ahead: Reports on consumer confidence and inflation on tap
- Wall Street will receive updates on consumer confidence and inflation next week.
- The Conference Board will release its latest consumer confidence report on Tuesday.
- Confidence in the U.S. economy is expected to have fallen again in August after a decline in July.
- Consumer confidence has been weak throughout the year due to high inflation.
- An inflation report on personal consumption expenditures will be released on Wednesday.
Next week, Wall Street will receive key updates on consumer confidence and inflation measures. The Conference Board is set to release its latest consumer confidence report on Tuesday, with expectations that confidence in the U.S. economy fell again in August after a decline in July.
Consumer confidence has been weak for most of the year, largely due to persistently high inflation. The ongoing conflict in Iran has contributed to inflation by disrupting global oil supplies, which has led to increased gasoline prices and squeezed household budgets.
Additionally, on Wednesday, the U.S. will release its report on personal consumption expenditures (PCE) for July, which is the Federal Reserve’s preferred measure of inflation. This measure has also indicated that inflation rates remain stubbornly above 3%, as the Fed continues to aim for a target rate of 2%. The Fed is expected to keep its benchmark interest rate steady at its upcoming September meeting.
华尔街下周关注消费者信心和通胀报告
下周，华尔街将收到有关消费者信心和通胀指标的关键更新。会议委员会将于周二发布最新的消费者信心报告，预计美国经济信心在八月再次下降，此前七月已有所下滑。
由于持续的高通胀，消费者信心在今年大部分时间内一直疲软。伊朗的持续冲突通过扰乱全球石油供应加剧了通胀，导致汽油价格上涨，家庭预算受到挤压。
此外，美国将在周三发布七月的个人消费支出（PCE）报告，这是美联储首选的通胀指标。该指标同样显示通胀率仍顽固地高于3%，美联储继续致力于将目标通胀率控制在2%。预计美联储将在即将到来的九月会议上维持基准利率不变。