Bloomberg gives a guide of the data points to watch between now and September that will influence the Fed decision on rates. GDP - July 30, revision Aug. 27. Fed officials are looking for a sign that output recovered after a 0.2 percent slump in the first quarter. The median economist in a Bloomberg survey is looking for a 2.5 percent gain in the second quarter. Inflation -The personal consumption expenditures price index, which is the Fed's preferred inflation gauge, comes Aug. 3 and Aug. 28. The consumer price index, a different inflation measure produced by the Bureau of Labor Statistics, comes Aug. 19 and Sept. 16. For insight into how the Fed is interpreting inflation data, we'll have to wait for the July FOMC minutes on Aug. 19. Wages - The Employment Cost Index comes out July 31, Average Hourly Earnings data come Aug. 7 and Sept. 4. Employment - Aug. 7 and Sept. 4. The Fed said that just "some" further improvement is needed to make a funds rate increase appropriate. (VIEW LINK)