On a monthly basis, the so-called core measure is seen climbing 0.3% for a second month.Speaking Friday at the Fed's annual conference in Jackson Hole, Powell said there's now a greater risk the job market could falter - although concerns over inflation persist. And while he said the effects of higher tariffs on prices are "now clearly visible," it's also reasonable to expect the impact will be short-lived.Investors will monitor comments from Fed officials at public events in the coming week to gauge their appetite for a September rate cut. The GDP report is forecast to show personal consumption picked up to a moderate pace after a sluggish start to 2025.Further north, Canada's second-quarter GDP figures on Friday could show the negative effects of the trade war with the US - just as Ottawa extends a tariff olive branch to President Donald Trump.Bloomberg Economics sees output falling amid a worsening trade balance and destocking of inventories.
Author: Bloomberg
Published at: 2025-08-24 20:20:53
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