Wall Street week ahead: Reports on consumer confidence and inflation on tap
- Wall Street will receive new readings next week on consumer confidence and inflation.
- The Conference Board's consumer confidence report is due Tuesday, and economists expect another decline in August after July's drop.
- The U.S. personal consumption expenditures, or PCE, report for July will be released Wednesday and is the Federal Reserve's preferred inflation gauge.
- Inflation has remained above 3%, and the Fed is expected to keep its benchmark interest rate unchanged at its September meeting.
Wall Street is set to get two closely watched economic updates next week: a consumer confidence reading from The Conference Board on Tuesday and the July personal consumption expenditures report on Wednesday. Both reports are likely to shape views on the strength of U.S. households and the path of inflation.
Economists expect consumer confidence to weaken again in August after falling in July. The article says confidence has been weak for most of the year as inflation remains stubbornly high, with higher gasoline and shipping costs adding pressure to household budgets.
The PCE report will show whether inflation remains stuck above the Federal Reserve's 2% target. The article says the Fed is expected to hold its benchmark rate steady in September. For markets, the data are likely to be neutral to mildly negative for stocks if they confirm weak confidence and sticky inflation, while also supporting the dollar and keeping pressure on rate-sensitive assets.
华尔街下周前瞻：消费者信心与通胀数据将陆续公布
华尔街下周将迎来两项受到密切关注的经济数据：周二公布的美国会议委员会消费者信心指数，以及周三发布的7月个人消费支出（PCE）报告。这两份数据将有助于判断美国消费端的韧性以及通胀走势。
文章称，市场普遍预计消费者信心在7月下滑后，8月还会进一步走弱。报道指出，今年以来消费者信心整体偏弱，持续偏高的通胀、汽油和运输成本上升都在挤压家庭预算。
PCE报告将显示通胀是否仍明显高于美联储2%的目标。文章还说，市场预计美联储将在9月会议上维持基准利率不变。对市场而言，如果数据继续显示信心疲软、通胀黏性较强，股市影响可能偏中性至略偏空，同时美元和利率敏感资产可能继续承压。