What are the key Salesforce earnings expectations for Q3?

Analysts expect Salesforce's Q3 to show solid growth and steady demand, similar to the prior quarter, with minor changes in profitability.

When is the PCE inflation data being released?

The Personal Consumption Expenditures (PCE) price index, the Fed's preferred inflation gauge, is scheduled for release this Friday.

What is the forecast for November auto sales?

November auto sales are anticipated to reach 15.4 million units, indicating a slight positive uptick in new vehicle demand.

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Salesforce Earnings, PCE Inflation Data: What to Watch This Week

29 Nov

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Summary

Salesforce set to report Q3 earnings with steady growth expected.
Fed's preferred inflation gauge, PCE, to be released on Friday.
November auto sales data anticipated to show a slight increase.

Salesforce Earnings, PCE Inflation Data: What to Watch This Week

This week presents a significant focus on corporate earnings and key economic indicators. Salesforce is scheduled to announce its third-quarter financial results on Wednesday. Analysts project a continuation of the previous quarter's performance, marked by robust growth and consistent demand, with only minor shifts in profitability anticipated. The recent acquisition of Informatica is expected to contribute approximately $1.7 billion to revenue over the coming year, although increased spending on its AI agent force product may exert pressure on profit margins.

Economically, all eyes will be on Friday's release of the Personal Consumption Expenditures (PCE) price index, the Federal Reserve's favored measure of inflation. Forecasts suggest that both total and core PCE will remain unchanged month-over-month at 0.3% and 0.2% respectively. This indicates a stable, albeit ongoing, rise in overall consumer prices, mirroring the trend from the preceding month.