Economic Data Releases Next Week to Provide Insights into US and Global Economy

Next week's economic data releases are expected to provide insights into the health of the US economy. The personal income and spending numbers for August will be released on Wednesday, with forecasters predicting a 0.8% increase in consumer spending and a 0.5% rise in personal income.

The inflation picture is also set to become clearer, with the release of the PCE deflator data. This measure of inflation is seen as more comprehensive than the Consumer Price Index (CPI), and it is expected to show a firming trend.

On Friday, the nonfarm payroll numbers for September will be released, which are predicted to slow down to 90K jobs added after August's stronger-than-expected gain. The unemployment rate is expected to remain steady at 4.1%.