📈 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