Economic Preview: Inflation To Be Key Theme Of Next Week`s Economic Reports, Friday, June 08, 2007 4:30:48 PM

Inflation will be a key theme of next week`s economic release schedule, answering questions that have roiled the market lately. In addition, next week will see a key report on retail sales and economic information from the Federal Reserve.

Late next week, a couple key reports on inflation will be announced. On Thursday, the government will release its producer price index, a key gauge of wholesale inflation. This will be followed up on Friday by the release of the consumer price index, which will show how much inflation is impacting consumer.

Next Wednesday, a key report on retail sales will be announced. This information will help traders gauge how much consumers are spending, an important prop of economic growth. On the same day, the Federal Reserve will announce a report known as the Beige Book. This compiles anecdotal information from the Fed`s 12 regional district. The report is prepared a few weeks ahead of monetary policy meetings and is meant to tell the markets what the central bank will be looking at when it makes its next interest rate decision.

Copyright © 2007 RTTNews.com. All Rights Reserved.