(Part 1 of 5) - Economic Review - PCE
Economic Preview: Key Data Releases (week of 24Aug2026)
Consumer Sentiment
CB Consumer Confidence for August is forecast at 90.3, suggesting softer consumer sentiment toward the market. This figure can serve as a useful reference point for assessing the strength of household confidence and broader market expectations.
Housing Market
New Home Sales for July are expected to come in at 620,000 units, slightly below the previous month. The result will provide a reference point for evaluating current conditions in the real estate market.
Inflation and Federal Reserve Focus
The most closely watched release in the coming week is likely to be the July PCE Price Index. The year-on-year forecast stands at 3.3%. As the Federal Reserve’s preferred inflation gauge, this data will be closely monitored because it may influence the next interest rate decision.
Growth and Business Activity
Q2 GDP growth is forecast at 1.5%. Any revision or surprise in this figure could increase market volatility.
Chicago PMI is forecast at 57.8, indicating continued expansion in production activity.
Consumption and Demand Indicators
Durable Goods Orders for July are forecast to rise 0.5% month on month, offering another reference point for consumption and demand trends.
Crude oil inventories will also be monitored as an indicator of market demand expectations and energy consumption trends.
Labour Market
Initial Jobless Claims are forecast at 208,000, a slight increase from the previous reading. This will be an important labour market reference for the Federal Reserve as it evaluates future interest rate decisions.
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- predator007·08-24 19:333.3% on PCE is actually a bit better than the market's worst fear. If core services really peaked, VOO gets some breathing room and jobless claims matter even more hereLikeReport