Business & Finance
Upcoming U.S. consumer confidence and inflation reports to test economic sentiment
Wall Street monitors expected confidence declines and elevated inflation ahead of the Federal Reserve's September rate meeting.
The short version
- The Conference Board releases its August consumer confidence data on Tuesday, with markets expecting another decline.[Associated Press]
- The July personal consumption expenditures report will be released Wednesday as inflation persists above the Fed's 2% goal.[Associated Press]
- The Federal Reserve is anticipated to maintain its benchmark interest rate at its upcoming September policy meeting.[Associated Press]
Key facts
- The Conference Board's consumer confidence report is scheduled for release on Tuesday.[Associated Press]
- The July personal consumption expenditures price index is scheduled for release on Wednesday.[Associated Press]
- Inflation remains above 3%, continuing to exceed the Federal Reserve's 2% target.[Associated Press]
- The Federal Reserve is expected to keep benchmark interest rates unchanged at its September meeting.[Associated Press]
What remains uncertain
- Whether August consumer confidence will drop as Wall Street anticipates after slipping in July remains unconfirmed until official data is published.[Associated Press]
Sources
Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.
- Wall Street week ahead: Reports on consumer confidence and inflation on tapAssociated Press · Wire: associated-press