As July draws to a close, investors and Federal Reserve officials alike are poised on the edge of their seats, eagerly awaiting two crucial economic reports that will shed light on the health of the U.S. economy. These reports, set to be released on Thursday and Friday, will provide pivotal information just days before the Federal Open Market Committee convenes for its July meeting.
Following closely on its heels, the Bureau of Economic Analysis will release the Personal Consumption Expenditures inflation index for June on Friday, July 26. This report is particularly significant as the core PCE is the Fed's preferred measure of inflation. Economists anticipate the core PCE, which excludes volatile food and energy On an annual basis, both headline and core PCE are expected to show a modest decrease in inflation, from 2.6% in May to 2.5% in June.
has been a technical market analyst for 25 years. A frequent contributor to STOCKS & COMMODITIES Magazine, he has also written for Futures Magazine as well as Barrons. He is the executive producer of"The Gold Forecast," a daily video newsletter.
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