Reported about 1 year ago
The Federal Reserve's favored inflation measures are expected to show minimal monthly increases, providing a pathway for officials to consider lowering interest rates, possibly starting in September. Economists anticipate no change in the May personal consumption expenditures price index and a modest 0.1% growth in the core measure, reflecting a slowing in inflation data which may lead to rate cuts. The upcoming week also includes data on personal spending, consumer confidence, and housing purchases, along with insights from speeches by central bank officials in Canada and Sweden, amongst other economic reports worldwide.
Source: YAHOO