NeWS to KnOW

August 13th, 2008 2:04 PM
Data releases for the rest of this week focus on consumer spending and inflation. Today, retail sales for July are expected to be weak because the recent drop in oil prices would not yet be reflected in increased spending for the consumer. Import prices, also released Wednesday are expected to remain elevated also due to the recent drop in oil prices not being fully reflected in the data. The consumer price index on Friday is expected to match expectations for a 0.4% gain in the headline figure and a 0.2% rise in the core figure, which excludes food and energy costs. Signs of moderating inflation would match expectations for the near term outlook and allow more leeway for the Fed to focus on growth concerns.
Posted by Daniel DiGuglielmo on August 13th, 2008 2:04 PMPost a Comment (0)
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