A handful of major corporate earnings reports, inflation data, and other economic statistics will be this week’s highlights.
release quarterly results, followed by
report on Thursday, then
closes the week on Friday.
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.
Other data to watch this week will include the Conference Board’s Consumer Confidence Index for September on Tuesday, the Census Bureau’s durable goods report for August on Wednesday, and the Bureau of Economic Analysis’ third and final estimate of second-quarter gross domestic product growth on Thursday.
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…