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Data Dump Wednesday, Including Inflation Report, Ahead Of Thanksgiving

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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
The big news on Tuesday was the release of minutes from the latest Federal Reserve Open Market Committee (FOMC) meeting.
The article by J.J. Kinahan on Forbes discusses the upcoming "Data Dump Wednesday" before Thanksgiving, where several key economic reports are expected to be released. These include the Personal Consumption Expenditures (PCE) price index, which is the Federal Reserve's preferred measure of inflation, alongside data on personal income, spending, consumer sentiment, and new home sales. The PCE report is particularly crucial as it could influence the Federal Reserve's future interest rate decisions. The article highlights the potential market volatility due to these releases, especially given the holiday-shortened trading week, and advises investors to be prepared for significant market movements. Additionally, it mentions the importance of consumer sentiment data, which could provide insights into how Americans view their financial future amidst economic pressures.

Read the Full Forbes Article at [ https://www.forbes.com/sites/jjkinahan/2024/11/27/data-dump-wednesday-including-inflation-report-ahead-of-thanksgiving/ ]