Wall Street week ahead: Reports on consumer confidence and inflation on tap
Summary
Wall Street will receive new reports next week on how confident consumers feel about the economy and on inflation rates. These reports show that consumer confidence has been falling and inflation remains higher than the Federal Reserve’s target.Key Facts
- A consumer confidence report from The Conference Board is due Tuesday, expected to show a drop in confidence in August.
- Consumer confidence has been low most of 2026 because prices have risen steadily.
- Inflation has stayed above 3%, higher than the Federal Reserve’s goal of 2%.
- The U.S. war with Iran disrupted oil supplies, increasing gasoline and shipping costs.
- The Personal Consumption Expenditures (PCE) report, which the Fed uses to track inflation, will be released Wednesday.
- Inflation briefly neared the target in early 2025 but rose again after new global tariffs and the Iran conflict.
- The Federal Reserve is expected to keep interest rates unchanged at its September meeting.
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