Fed's Preferred Inflation Gauge Set for Release as Markets Eye Warsh's Jackson Hole Speech
The Federal Reserve's preferred inflation gauge, the Personal Consumption Expenditures Price Index (PCE), is set to be released this week by the Bureau of Economic Analysis (BEA).
Markets are closely watching the report as it may impact the Fed's decision on interest rates. The PCE has been a key indicator for the central bank, and any changes in its reading could influence the Fed's policy decisions.
The BEA will also release revised consumer sentiment survey results this week, which will provide further insight into consumers' attitudes towards spending and inflation.
Fed Chair Kevin Warsh is set to speak at the annual Jackson Hole Economic Symposium on Friday, where he may address concerns about inflation and rising Treasury yields. However, markets have reacted poorly to his previous press conferences, and investors are looking for more concrete answers from him.