Wall Street week ahead: The market focuses on key inflation updates
Wall Street prepares for a week of key inflation updates. The U.S. will release its August Producer Price Index on Thursday, followed by the Consumer Price Index on Friday. Inflation remains above 3%, pressuring households and businesses. Rising energy costs and shipping disruptions in the Strait of Hormuz are contributing factors. The Federal Reserve is expected to raise interest rates at least once this year to combat inflation, aiming to bring the rate down to 2%.
Written by urgent.news from Winnipeg Free Press's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- Wall Street Week Ahead:Investors to pore over inflation data for signals on rate trajectory economictimes.indiatimes.com
- US stocks: Wall Street ends lower as solid jobs data fuels hawkish Fed bets businesstimes.com.sg
- Wall Street week ahead: The market focuses on key inflation updates apnews.com
