What to Expect in the Week Ahead (AVGO and NIO Earnings; U.S. Jobs Report and Inflation Data)
Weekly U.S. Economic Data Roundup: Year-ahead Inflation Expectations at 2020 Levels
USA's July PCE inflation rose moderately, paving the way for a rate cut next month.
①In July, the overall PCE price index increased by 2.5% year-on-year, with an expected 2.6%; the month-on-month increase was 0.2%, in line with expectations. ② The impact of this report may be insignificant, but it does confirm what Fed Chairman Powell said, with the focus potentially being on employment trends, as people believe that the inflation trend may continue towards the 2% target.
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