This week's highlights include new data on the U.S. labor market, earnings reports from several retailers, and the latest inflation data.
The US Dollar is expected to trade sideways at the start of the week, with no major drivers or data points to monitor until markets open on Tuesday. The focus for the week will be on Wednesday's release of the Services PMI survey and several central bank speeches leading up to the next Federal Reserve meeting on September 20. Additionally, the article provides information on central banks and their role in monetary policy and interest rates.
The United States Federal Reserve's financial woes and potential implications for cryptocurrency are discussed on the latest episode of "Macro Markets," highlighting challenges posed by inflation and the consequences of loose monetary policies during the pandemic.
U.S. stock investors are closely watching next week's inflation data, as it could determine the future of the current equity rally, which has been fluctuating recently due to concerns over the Federal Reserve's interest rate hikes and inflationary pressures.
This week's main events include the release of the consumer price index for August, an Apple iPhone-unveiling event, and a European Central Bank interest-rate decision.
The Federal Reserve's upcoming meeting will focus on the central bank's expectations for key indicators such as interest rates, GDP, inflation, and unemployment, while many economists believe that the Fed may signal a pause in its rate-hiking cycle but maintain the possibility of future rate increases.
Investors are preparing for more inflation data from the US and Europe this week while still digesting the surprising and contradictory central bank decisions from last week, causing global markets to feel the heat as US bond yields surge and a strengthened dollar hits a six-month high.
Investors are focusing on the release of economic reports on GDP and inflation as they evaluate the Federal Reserve's stance on interest rates and its efforts to cool down inflation. Metal prices have slipped due to concerns over global demand and the economy, and the risk of a government shutdown is also adding to the bearish sentiment. Earnings reports from various companies and core PCE inflation data are expected in the week ahead.
Summary: This page provides full coverage of the personal income and consumer spending report, including the release of inflation data targeted by the Federal Reserve's monetary policy.
Earnings season begins next week with reports from major banks and financial institutions, while Amazon will host its "Prime Big Deal Days" event, and inflation updates will be released.
Investors in the week ahead will focus on the release of the Consumer Price Index (CPI) for September, third quarter earnings reports from companies like Pepsi, Delta, and JPMorgan, and insights from the Federal Reserve's September meeting minutes.
The September CPI report is expected to show that inflation remains above the Fed's target, increasing the likelihood of a rate hike and raising inflation expectations for 2023, potentially leading to further upside risk to rates from Treasury auctions.
Investors will be focused on September inflation data and the start of earnings season, while keeping an eye on stocks like JPMorgan Chase, Pepsi, and Delta this week.
