URGENT UPDATE: Economists are on high alert as the latest PCE inflation and spending data are set to be released tomorrow, July 28, 2023. Expectations are high, with forecasts indicating a 0.3% rise in the core personal-consumption expenditures index, the Federal Reserve’s preferred measure of inflation.
This crucial data comes at a time when inflation pressures are intensifying due to tariffs, impacting the U.S. economy. Growth appears to be losing momentum, raising concerns among economists and policymakers alike. The implications of this report are significant, as it could influence the Fed’s upcoming decisions on interest rates and monetary policy.
According to analysts, a rise in the PCE index would reflect ongoing inflationary trends that are beginning to take hold across various sectors. As consumers adjust to higher prices, the potential for reduced spending looms large, which could further strain economic growth.
With the data release scheduled for tomorrow morning, all eyes will be on the Federal Reserve’s response. The market is poised to react sharply to any surprises in the figures, making this a critical moment for both investors and consumers.
Stay tuned for updates as we monitor the situation closely. The outcome of this report could shape economic expectations and financial markets in the days to come.
