Bank of America: The Fed is currently more concerned about employment data, and PCE may not be as important as before next week

Bank of America analysts said in a report that inflation data next week may take a back seat after the Federal Reserve indicated that it is more concerned about the weakness in the U.S. job market. August personal consumption expenditure inflation will be released next Friday, following mild CPI and PPI data earlier this month. Bank of America expects a monthly increase of 0.1%, down from 0.2% in July. Weekly unemployment claims will be released on Thursday. Bank of America economists said: "We still believe that the combination of a dovish Fed and a resilient economy will lead to a steeper yield curve, including a steeper break-even curve." (Jinshi)