Wall Street Brunch: The Last Core PCE Hurrah?
The upcoming week highlights the core PCE inflation data, with economists predicting a 3.3% annual increase. The Federal Reserve's commentary and inflation figures may impact interest rate expectations amid concerns over household purchasing power. Additionally, Salesforce is set to report earnings, with investors looking for signs of AI-driven business growth.
- ▪Core PCE inflation data is expected to show a 3.3% annualized increase.
- ▪The Federal Reserve's commentary could influence rate expectations due to weak real income growth.
- ▪Salesforce is reporting earnings on Wednesday, with a consensus EPS of $3.13 on $11 billion in revenue.
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