The Federal Reserve’s preferred gauge of underlying inflation likely grew at a slower pace last month, providing room for policymakers to address weaknesses in the US labor market. The personal consumption expenditures price index excluding food and energy is expected to have risen by 0.2% in August, with the core measure holding at 2.9% annually. Fed Chair Jerome Powell cited a cooling labor market for the interest rate cut, but emphasized the central bank’s vigilance on inflation due to ongoing tariff impacts. Several Fed officials are scheduled to speak, and upcoming reports will provide insights into economic growth and consumer spending.

In Asia, key data releases include South Korea’s trade figures, China’s loan prime rates, PMIs from Australia and India, inflation figures from Singapore and Malaysia, and industrial production data from Japan. China will report August industrial profits, and Malaysia, Indonesia, Thailand, and Pakistan will release economic updates. In Europe, central bank decisions in Sweden, Hungary, and the Czech Republic will be watched closely, along with PMIs in the eurozone and consumer inflation expectations from the ECB. Africa will see monetary decisions from Nigeria, Lesotho, and Sierra Leone, while Latin America’s focus will be on Brazil, Mexico, and Argentina for updates on inflation, GDP, and monetary policy.

Overall, global markets will be closely monitoring key economic indicators, central bank decisions, and trade data to gauge the impact of inflation, consumer spending, and geopolitical factors on the world economy.

Read more at Yahoo Finance: Key US Inflation Metric to Ease as Focus Shifts to Jobs Market