Reported 16 days ago
This week, attention turns to key economic data, including the Federal Reserve's preferred inflation gauge, the Personal Consumption Expenditures (PCE) index, and the revised second quarter GDP rate. Following a recently initiated rate cut, which has been positively received by markets despite lingering volatility, analysts are hopeful that upcoming reports will confirm Fed Chair Jerome Powell's claims of a strong U.S. economy. Investors will also be monitoring corporate earnings from major companies, including Costco and Micron, as officials prepare to offer further insights into the Fed's future monetary policy.
Source: YAHOO