Wall Street Prepares for Busy Week Amid Inflation Worries

Wall Street investors have several key points to consider as they navigate the upcoming week's events. The jobs market, inflation data, and consumer confidence surveys are all set to be released, providing a clearer picture of how consumers are handling higher prices on various products and services.

The U.S. will release its personal consumption expenditures price index for August on Wednesday, closely monitored by Wall Street and the Federal Reserve. Inflation remains above 3% and the Federal Reserve recently raised interest rates to tame high prices, aiming for a target rate of 2%.

High gasoline prices have been fueling a broader jump in inflation, squeezing household budgets and sapping consumer confidence. The U.S. war with Iran has stifled global oil supplies since late February, directly impacting higher gasoline prices and making shipping more expensive.