Thu, November 28, 2024
Wed, November 27, 2024
[ Wed, Nov 27th 2024 ]: Thomas Matters
Capital Losses and Tax

Data Dump Wednesday, Including Inflation Report, Ahead Of Thanksgiving

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/ ]