A look at some of the key business events and economic indicators upcoming this week:
BACK IN THE BLACK
ALL EYES ON THE FED
The
After the June meeting of Fed policymakers, the central bank signaled it might raise its short-term interest rate twice by the end of 2023. In March, the Fed had indicated no rate hikes would occur before 2024.
CASH IN, CASH OUT
The
Consumer spending was flat in May with incomes dropping for a second month as the impact of the government’s pandemic stimulus payments waned. Inflation, however, posted a sizable gain with prices excluding food and energy jumping by the largest amount in nearly three decades.
Consumer spending, monthly percent change, seasonally adjusted:
Jan. 3.3
Feb. -1.0
March 5.0
April 0.9
May 0.0
June (est) 0.7
Source: FactSet
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