Economists Anticipate Key Insights from Upcoming PCE Inflation Data
TL;DR Summary
Economists are closely watching the upcoming July PCE inflation data, which is expected to show a rise to 2.9%, driven by tariffs and rising service sector inflation, potentially limiting the Federal Reserve's scope for rate cuts. Consumer spending is also expected to have increased but may slow down due to higher prices and a cooling job market, with some analysts noting a shift towards more cautious consumer behavior. The Fed's decision on interest rates in September may be influenced by these inflation and spending trends.
- What economists are watching for in tomorrow’s PCE inflation and spending data MarketWatch
- The Fed’s Preferred Inflation Gauge, PCE, Is Due Tomorrow. Here’s What to Know. The Wall Street Journal
- US Inflation to Edge Up as Powell Shifts on Job Market: Eco Week Bloomberg.com
- PCE Inflation Likely Ticked Up in July. That May Complicate the Fed’s Next Rate Decision. Barron's
- Euro Forecast: EUR/USD Recovers Ahead of High-Stakes “Inflation Friday” FOREX.com
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