The main event of the week will be Fed Chairman Jerome Powell's speech on the economy and interest rates at the annual Jackson Hole meeting on Friday.
0.4% month-over-month in July, above June’s 0.2% growth rate. Personal income, meantime, is expected to jump 0.6% in July, matching June’s gain. That brings us to the PCE Price Index, an inflation gauge that’s beginning to rival the consumer price index in popularity. It jumped 1.0% month-over-month in June and was up 6.8% from June 2021.The Core PCE Price Index, which factors out volatile food and energy prices, is expected to rise 0.3% in July.
Overall revenue of $3.86 billion topped estimates of $3.82 billion, according to IBES data from Refinitiv.Shares fare off 4% in premarket trading after the company posted its slowest revenue growth in six quarters.
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