US Economy in Focus as Key Updates on Inflation, Jobs Data Loom

The US economy is set to be in focus this week as investors wait for key updates on inflation, jobs data, and company earnings.

On Tuesday, CarMax will release its fiscal second-quarter results, which may provide insight into pricing pressure amid tariffs and a U.S.-Canada trade war. The used car company has seen car prices rise enough that an activist investment firm urged it to consider price cuts earlier this year.

Micron Technology is also set to report on Tuesday, with its fiscal fourth-quarter results expected to be released before its conference call at 4:30 p.m. ET. As a leading memory chipmaker, Micron's performance is seen as a proxy for the health of the data center boom and key drivers of earnings growth in the tech sector.

The week will also bring updates on inflation, with the latest Personal Consumption Expenditures (PCE) data due to be released. This reading may influence future interest-rate decisions, given that PCE is the Fed's preferred measure of inflation.

Additionally, the Consumer Confidence Index and jobs numbers for September are scheduled to be released this week, providing further insight into the state of the US economy.