On Tuesday, Australia will publish the RBA monetary policy meeting minutes, while Japan releases the BoJ core CPI y/y. In the U.S., attention will be on durable goods orders m/m, CB consumer confidence, and the Richmond manufacturing index.
Friday brings a busy schedule, with Japan releasing the Tokyo core CPI y/y, Canada reporting GDP m/m, and the U.S. publishing the core PCE price index m/m, personal income m/m, personal spending m/m, as well as the revised University of Michigan consumer sentiment and inflation expectations.
In the U.S., the consensus for new home sales is 635K vs prior 627K. The expected increase is likely supported by a pickup in single-family starts.
In the U.S., the consensus for core durable goods orders m/m is 0.3% vs prior 0.2%, while durable goods orders m/m are expected at -3.8% vs prior -9.4%. According to analysts at Wells Fargo, the decline is largely due to a pullback in Boeing bookings and weaker demand for non-defense aircraft.
Australia’s July monthly CPI is expected to rebound to 2.3% y/y, up from June’s softer 1.9% reading. June’s downside surprise was driven by a drop in electricity prices, as retailers offered discounts and reduced charges, which offset the impact of the government scaling back rebates.
In Japan, the consensus is for Tokyo core CPI y/y to fall from 2.9% to 2.6%. Analysts note that softer energy prices are the main driver of the decline, while fresh food prices remain elevated.
In the U.S., the consensus for the core PCE price index m/m is 0.3% vs prior 0.3%. Personal income m/m is expected at 0.4% vs prior 0.3%, while personal spending m/m is forecast at 0.5% vs prior 0.3%.
Incomes are also forecast to rise 0.5%, supported by firmer wage growth and a rebound in hours worked. However, inflation pressures are set to intensify: core PCE is expected to increase 0.3% m/m, pushing the y/y rate to 2.9%, the highest since February. With tariffs driving costs higher and inflation likely to climb above 3% by year-end, the Fed faces a growing challenge in balancing slowing growth with sticky inflation.
This article was written by Gina Constantin at investinglive.com.Hence then, the article about market outlook for the week of 25th 29th august was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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