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 consumer confidence report on Tuesday, which is expected to show a decline in August.
- Consumer confidence has been weak throughout the year due to high inflation.
- The U.S. war with Iran has contributed to inflation by disrupting global oil supplies.
- A report on personal consumption expenditures (PCE) will be released on Wednesday, which is the Federal Reserve's preferred measure of inflation.
Next week, Wall Street will be looking for key updates on consumer confidence and inflation. The Conference Board is set to release its latest consumer confidence report on Tuesday, which is anticipated to indicate a further decline in confidence for August, following a drop in July. Throughout the year, consumer confidence has remained weak as inflation continues to be a persistent issue.
The ongoing U.S. conflict with Iran has exacerbated inflation by disrupting oil supplies globally, leading to increased gasoline prices that have strained household budgets. This situation has also raised shipping costs for various products, including groceries and clothing.
Additionally, on Wednesday, the U.S. will publish its report on personal consumption expenditures (PCE) for July, which is the Federal Reserve's preferred inflation measure. Similar to the consumer price index, the PCE has shown that inflation rates remain stubbornly above 3%. The Federal Reserve is striving to bring inflation back to its target rate of 2%, having come close in early 2025 before rates began to rise again due to tariffs and other factors.
华尔街下周关注消费者信心和通胀报告
下周，华尔街将关注消费者信心和通胀的关键更新。美国消费者信心报告将于周二发布，预计显示8月份信心进一步下降，此前7月份已出现下降。全年以来，消费者信心一直疲弱，因为通胀持续成为一个棘手问题。
美国与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，给家庭预算带来压力。这种情况还提高了包括食品杂货和服装在内的各种产品的运输成本。
此外，美国将在周三发布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。与消费者价格指数类似，PCE显示通胀率仍顽固地高于3%。美联储正在努力将通胀率恢复到2%的目标水平，尽管在2025年初接近这一目标，但随后由于关税和其他因素，通胀率再次上升。