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, 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 oil supplies, raising gasoline prices.
- An important inflation update will come on Wednesday with the release of the personal consumption expenditures report.
Next week, Wall Street will focus on key updates regarding consumer confidence and inflation metrics. The Conference Board is set to release its consumer confidence report on Tuesday, which is anticipated to indicate a further decline in confidence for August, following a decrease in July.
Consumer confidence has been notably weak throughout the year, largely attributed to persistently high inflation rates. The ongoing conflict in Iran has exacerbated inflationary pressures by disrupting global oil supplies, resulting in increased gasoline prices that have strained household budgets.
Additionally, on Wednesday, the U.S. will publish its personal consumption expenditures (PCE) report for July, which is the Federal Reserve's preferred measure of inflation. This report is expected to reflect that inflation remains above the 3% mark, as the Fed continues to grapple with its goal of reducing inflation to the target rate of 2%. The Fed is likely to maintain its benchmark interest rate at its upcoming meeting in September.
华尔街下周关注消费者信心和通胀报告
下周，华尔街将关注有关消费者信心和通胀指标的关键更新。会议委员会计划于周二发布消费者信心报告，预计显示8月份的信心进一步下降，此前7月份已有所减少。
由于通胀率持续居高不下，消费者信心全年表现疲软。伊朗的持续冲突加剧了通胀压力，扰乱了全球石油供应，导致汽油价格上涨，给家庭预算带来了压力。
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。预计该报告将反映通胀率仍高于3%，美联储仍在努力将通胀降至2%的目标水平。美联储可能会在即将到来的9月份会议上维持基准利率不变。