This week, investors are focusing on key reports that could provide insights into the U.S. economy’s health and outlook.
The most anticipated is the Personal Consumption Expenditures (PCE) report, which serves as the Federal Reserve’s preferred inflation gauge.
There are also reports on consumer sentiment and inflation expectations data that could rattle markets.
Economic Events June 24 to 28
Consumer confidence data will be released on Tuesday, offering an insight into sentiment and economic recovery status. However, the first of the big reports is out on Thursday with the Q1 2024 GDP Growth Annualized (final estimate).
The second estimate showed economic growth slowing to 1.3% annualized, down from Q4’s 3.4%, and the final estimate is expected to confirm these figures.
“All eyes are on GDP data as recent prints have suggested we may be seeing stagflation,” commented macroeconomics outlet The Kobeissi Letter in a post on X on June 24.
Key Events This Week:
1. CB Consumer Co
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