Latest / Raleigh News Today | 2 Min News | The Daily News Now!
Wall Street’s Big Week Ahead | Raleigh News
Wall Street braces for big economic news next week as two key reports reveal mounting pressure on consumer confidence and stubborn inflation. Consumer confidence dips again in August, fueled by rising costs from global supply chain disruptions—including the Iran conflict’s impact on oil—and higher prices at the pump and in stores. Meanwhile, Wednesday’s PCE report—Fed’s favorite inflation gauge—shows prices still hovering above 3%, undoing earlier progress. With tariffs and geopolitical tensions pushing inflation back up, the Fed is expected to hold rates steady at their September meeting…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.