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This article provides a weekly outlook on Australian and US economic data, highlighting key indicators like inflation, GDP, and consumer spending. It notes that these upcoming reports are critical for central banks as they determine future monetary policy settings.
Why it matters
Investors and policymakers rely on these data releases to gauge the health of the global economy and predict interest rate adjustments.
This week: Australian inflation and consumer spending, central bankers meet D By Daniel Ziffer
This great list is from my colleague Stephen Letts .
Wed: CPI inflation (Jul), Construction work done (Q2)
Thu: Household spending indicator (Jul) Capex (Q2)
Wed: US — PCE inflation, (Jul), GDP (Q2), Nvidia earnings (Q2) Consumer confidence (Aug)
Fri: US- Fed chair Kevin Warsh speech at Jackson Hole
It's an interesting week on the data front, with a number of releases loaded with implications for monetary policy settings.
Wednesday's July CPI data will be the most keenly watched.
There is an expectation that inflation will take another significant step down, dropping from 3.8% to 3.2% as last year's sharp July rise drops out of the calculations.
The RBA's preferred trimmed mean CPI measure should also ease down to 3.5%.
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