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Announcement: U.S. Core PCE Price Index YoY for July and U.S. University of Michigan Consumer Sentiment Index Final Value for August will be released tonight
BlockBeats News, August 29th, according to the schedule, the US July Core PCE Price Index Annual Rate will be released at 20:30 tonight Beijing time, while the final value of the University of Michigan Consumer Confidence Index for August will be released at 22:00.
According to forecasts, the PCE Price Index is expected to rise by 0.3% in July, unchanged from the previous month. If this forecast is realized, the year-on-year growth rate of PCE inflation will increase from 2.8% to 2.9%, the highest level since February this year, and it will also be the third consecutive month of increase.
Economists say that high inflation may limit the room for further rate cuts later this year. Some believe that only a sharp increase in August CPI inflation data, which will be released in two weeks, could prompt the Fed to reconsider its rate cut plans at the meeting on September 16th to 17th. (Jin10)
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