Investors are paying close attention to any reading on inflation these days, and the consumer price index will be the big one to watch in the coming week.
The latest snapshot of the economy comes just a week before the Federal Reserve’s important September meeting. At that meeting, the Fed is expected to discuss more details about its plan to taper down its bond buying program, or quantitative easing.
Market professionals say a hotter inflation reading could speed up the Fed’s plans to slow the $120 billion a month in bond purchases. The paring back of its asset purchase program would be the Fed’s first major step away from the easy policy it put in place to combat the pandemic.
The consumer price index is expected Tuesday, and there is retail sales data is released Thursday. They are expected to show consumer prices jumped at a 5.3% annual pace in August, according to the consensus estimate from FactSet, while the consumer continued to pull back from the…