Key Economic Events Expected Next Week

According to PANews, several significant economic events are anticipated next week, including speeches by FOMC voting members and the release of initial jobless claims data. Key events to watch are as follows: On Tuesday, the U.S. August Consumer Confidence Index from the Conference Board will be released. This index measures the degree of optimism that consumers feel about the overall state of the economy and their personal financial situation. On Wednesday, Australia will release its July Weighted CPI Yearly Rate. This data provides insights into inflation trends in the Australian economy, which can influence monetary policy decisions. On Thursday, the 2024 FOMC voting member and Atlanta Federal Reserve President Raphael Bostic will deliver a speech on economic prospects. Additionally, the U.S. initial jobless claims for the week ending August 24 will be announced. This data is a key indicator of labor market health. On Friday, Raphael Bostic will again speak, this time focusing on monetary policy and economic outlook. The U.S. July Core PCE Price Index Yearly and Monthly Rates, along with the Personal Spending Monthly Rate, will also be released. These indicators are crucial for understanding inflation and consumer spending trends in the U.S. economy.