Wall Street week ahead: Reports on consumer confidence and inflation on tap
- The Conference Board will release its latest consumer confidence report on Tuesday.
- Wall Street expects consumer confidence to have fallen again in August after a decline in July.
- Inflation remains high, partly due to the U.S. war with Iran affecting oil supplies.
- The U.S. will release its personal consumption expenditures report on Wednesday, which is the Fed's preferred inflation measure.
- The Fed is expected to keep its benchmark interest rate steady at its upcoming September meeting.
Wall Street will receive important updates next week regarding 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 has declined again in August after a drop in July.
Consumer confidence has been weak throughout the year, largely due to persistently high inflation. The ongoing conflict with Iran has contributed to inflation by disrupting global oil supplies, which has increased gasoline prices and strained household budgets.
On Wednesday, the U.S. will release its personal consumption expenditures (PCE) report for July, which is the Federal Reserve's preferred measure of inflation. Similar to the consumer price index, the PCE has shown that inflation rates remain stubbornly above 3%. The Fed has been working to bring inflation back to its target rate of 2% and is expected to maintain its benchmark interest rate at its upcoming meeting in September.
华尔街下周将发布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。会议委员会将在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，此前七月已出现下滑。
由于持续高企的通胀，消费者信心在全年表现疲弱。与伊朗的持续冲突通过扰乱全球石油供应助长了通胀，导致汽油价格上涨，给家庭预算带来了压力。
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。与消费者价格指数类似，PCE显示通胀率仍顽固地高于3%。美联储一直在努力将通胀率降回2%的目标，并预计将在即将到来的九月会议上维持基准利率不变。