Key Economic Events This Week: Inflation Data in the Spotlight
A heavy slate of US economic releases lies ahead, with July CPI and PPI reports as the main highlights.
This week's economic calendar is packed with data releases. On Tuesday, July existing home sales figures will be published. Wednesday brings the OPEC Monthly Report and the July CPI inflation data. Thursday sees the July PPI report, followed by July retail sales on Friday. The week concludes with August University of Michigan consumer sentiment data.
With both consumer and producer inflation updates, markets will be closely watching for any signs of easing price pressures. The retail sales report will also offer a view into the health of consumer spending.
Source: The Kobeissi Letter