US Week Ahead August 24 August 30

Economics Research 23 August 2026 | 9:15PM EDT

US Week Ahead: August 24 - August 30

The key economic data releases this week are the durables report and the core PCE inflation Jan Hatzius | report on Wednesday. There are a few speaking engagements by Fed officials scheduled this Goldman Sachs & Co. LLC

week, including events with President Barkin and remarks from Chairman Warsh at the David Mericle | 2026 Jackson Hole Economic Policy Symposium. Several other FOMC officials are likely to Goldman Sachs & Co. LLC speak in currently unscheduled television interviews on the sidelines of the symposium. Alec Phillips | Goldman Sachs & Co. LLC Monday, August 24 Ronnie Walker | There are no major economic data releases scheduled. Goldman Sachs & Co. LLC

Elsie Peng Tuesday, August 25 | Goldman Sachs & Co. LLC 08:00 AM Richmond Fed President Barkin (FOMC non-voter) speaks Pierfrancesco Mei | Richmond Fed President Tom Barkin will speak at a Chamber of Commerce event. Goldman Sachs & Co. LLC Speech text and Q&A are expected. On August 13, Barkin said, “There’s an argument Jessica Rindels to be made that the inflation we see today is already headed to the right path... And | the current level of interest rates, many think, is still restrictive enough to bring Goldman Sachs & Co. LLC

inflation down.” But he added, “There’s a counterargument, however, that says the Abhay Duggirala | elevated inflation we see today is more embedded... [and] If true, this argument Goldman Sachs & Co. LLC suggests help is needed to bring inflation all the way back down to target.”

09:00 AM S&P Case-Shiller home price index, June (GS +0.2%, consensus +0.1%, last +0.15%)

10:00 AM New home sales, July (GS -2.3%, consensus -1.3%, last +1.6%)

10:00 AM Conference Board consumer confidence, August (GS 91.0, consensus 90.2, last 90.8)

04:00 PM Richmond Fed President Barkin (FOMC non-voter) speaks

Richmond Fed President Tom Barkin will speak to the Charlotte Regional Business Alliance. Speech text and Q&A are expected.

Wednesday, August 26 08:30 AM Personal income, July (GS +0.3%, consensus +0.2%, last +0.2%)

Personal spending, July (GS +0.1%, consensus +0.1%, last +0.3%)

Core PCE price index, July (GS +0.20%, consensus +0.2%, last +0.1%)

Core PCE price index (YoY), July (GS +3.24%, consensus +3.3%, last +3.3%)

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PCE price index, July (GS +0.12%, consensus +0.1%, last -0.1%)

PCE price index (YoY), July (GS +3.61%, consensus +3.6%, last +3.7%)

We estimate that personal income and spending increased by 0.3% and 0.1%, respectively, in July. We estimate that the core PCE price index rose 0.20% in July, corresponding to a year-over-year rate of +3.24%. Additionally, we expect that the headline PCE price index increased 0.12% and increased 3.61% from a year earlier.

08:30 AM GDP, Q2 second release (GS +1.6%, consensus +1.5%, last +1.5%)

Personal consumption, Q2 second release (GS +3.4%, consensus +3.2%, last +3.2%)

Core PCE inflation, Q2 second release (GS +3.42%, consensus +3.4%, last +3.4%)

We estimate a 0.1pp upward revision to Q2 GDP growth to +1.6% (quarter-over-quarter annualized). Our forecast reflects an upward revision to consumer spending growth (+0.2pp to +3.4%) but a downward revision to business fixed investment growth based on stronger personal care and healthcare spending but softer software spending details in the quarterly services survey (QSS).

08:30 AM Durable goods orders, July preliminary (GS +1.0%, consensus +0.5%, last +0.5%)

Durable goods orders ex-transportation, July preliminary (GS +0.6%, consensus +0.5%, last +0.7%)

Core capital goods orders, July preliminary (GS +0.6%, consensus +0.7%, last +1.2%)

Core capital goods shipments, July preliminary (GS +1.0%, consensus +0.8%, last +2.0%)

We estimate that durable goods orders increased 1.0% in the preliminary July report (month-over-month, seasonally adjusted) based on our tracking of commercial aircraft orders. We forecast a 0.6% increase in core capital goods orders—reflecting strength in the new orders components of manufacturing…