A handful of major corporate earnings reports, inflation data, and other economic statistics will be this week’s highlights.
The economic-data highlight of the week will be the personal-consumption expenditures price index for August on Friday, from the Bureau of Labor Statistics. The core PCE, which excludes food and energy components and is the Federal Reserve’s preferred inflation gauge, is expected to be up 3.9% from a year ago.
Monday 9/25 The Federal Reserve Bank of Chicago releases its National Activity Index for August. Consensus estimate is for a negative 0.03 reading following a 0.12 print in July. The index is designed to gauge overall economic activity. A zero value for the index correlates with the national economy expanding at its historical average; negative values with below-average growth; and positive values with above-average growth.The Census Bureau reports new residential sales data for August.
The Census Bureau releases the durable goods report for August. Economists forecast that new orders for durable manufactured goods will decline 0.4% month over month, after a 5.2% plunge in July. That was the first drop since February, and the steepest decrease since the early days of the pandemic in April 2020.Intuit and Philip Morris International hold investor days.
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