- Core PCE inflation, June. Actual: 4.6% YoY. Expected: 4.7% YoY. Previous: 4.8% YoY
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Personal spending, June. Actual: 0.1% MoM. Expected: 0.4% MoM. Previous: 1.1% MoM
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Personal income, June. Actual: 0.2% MoM. Expected: 0.6% MoM. Previous: 0.6% MoM
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Trade balance, June. Actual: -$89.06 billion. Expected: -$98.5 billion. Previous: -$98.18 billion
Although investors' attention is focused today on Powell's speech at the Jackson Hole symposium, there will also be something of interest for traders focused on macro data releases. We have just learned a number of economic data that on a normal day would project market sentiment.
Powell has repeatedly mentioned that future FOMC decisions will be closely dependent on data from the economy. In addition, Powell's speech awaits us at 3 pm BST, followed 30 minutes later by Michigan's sentiment reading.
Indices rebound as oil slides to $102 📉 Low jobless claims reading supports US dollar
BoE keeps rates unchanged and issues a dovish statement, thereby weakening the GBP⬇️
🇬🇧 Will the pound recover after the BoE?
Economic calendar: Final Eurozone CPI data and U.S. jobless claims