US Fed’s preferred price gauge to reinforce rate cuts
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US inflation figures expected to support imminent interest-rate cuts; core inflation projected to rise 0.2% in July, annualized rate at 2.1%; consumer spending forecasted to increase 0.5%, strongest in four months; Fed chair Jerome Powell acknowledges progress on inflation at Jackson Hole symposium; second-quarter GDP revision expected at 2.8% growth; Canadian GDP data suggests 2.2% growth ahead of rate cuts on September 4; eurozone inflation data due, expected slowdown from July's 2.6%; Brazil's inflation data may show easing from 4.45%; Mexico's central bank to release quarterly inflation report.

#UsFed #Inflation #InterestRates #Gdp #ConsumerSpending #Canada #Eurozone #Brazil #MonetaryPolicy #Economy

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