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On
Wednesday, the U.S. will release its consumer price index, or
CPI, for July. It is a detailed report on prices for a wide
range of goods and services. Economists expect it to show that
the rate of inflation remains above 3%.
On Thursday, the U.S. will release its producer price index, or
PPI, for July. It shows costs for businesses before they’ve
passed them along to consumers. That helps give a more detailed
view of some of the inflation pressures facing companies.
On Friday, the U.S. will release its retail sales report for
July. It gives details on monthly sales for a wide range of
businesses. The data in the report can also give clues as to how
much people are spending and where they are focusing their
spending.
Inflation remains a key focus for Wall Street and the Federal
Reserve. Stubborn inflation could hurt consumer spending, and in
turn, the broader economy. The Fed has been closely watching
inflation’s direction and is expected to raise interest rates in
order to help tame rising costs before the end of the year.
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