📈 Big week ahead for the economy! US inflation data is expected to show progress, hinting at possible interest-rate cuts. Consumer spending is also on the rise, suggesting the Fed's strategy is working. 💪

Key points:

- Core inflation likely up 0.2% in July

- Consumer spending may climb 0.5%

- Fed Chair Powell optimistic about hitting 2% inflation target

Stay tuned for:

- Durable goods orders on Monday

- Consumer confidence indexes on Tuesday & Friday

- Fed speakers throughout the week

What do you think? Are we on the right track? Drop your thoughts below! 👇 #Economy #Inflation #Fed