June's Personal Consumption Expenditures data — the Federal Reserve's preferred inflation gauge — will be released on Friday. Economists expect overall PCE and core PCE to tick up slightly.Big Jack earning is coming in throughout the week and all eyes will be on Tesla.
Investors can expect a huge reveal on Nvidia's upcoming earnings call that could silence AI critics, Goldman Sachs says The Bank of Canada will cut its overnight interest rate on Wednesday by 25 basis points to 4.50% amid expectations that inflation will continue to fall, according to a large majority of economists polled by Reuters. With the economy slowing and unemployment edging higher, the central bank is then expected to cut rates twice more in 2024, although only a slim majority of economists are forecasting a policy rate of 4.
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