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What's ahead this week for Wall Street and the economy | CNN Business

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What's ahead this week for Wall Street and the economy | Analysis by Krystal Hur

Here’s a look at what’s coming. The Federal Reserve’s July meeting. The Fed begins its two-day July meeting on Tuesday. The central bank is largely expected to raise interest rates by a quarter point on Wednesday after pausing in June. Traders expect a nearly 100% chance of such an outcome as of Friday afternoon, according to the CME FedWatch Tool.

That happened last week, when the Nasdaq Composite on Thursday saw its biggest one-day decline since February after Tesla reported smaller profit margins due to price cuts in its latest quarter, and Netflix missed revenue expectations. Record heat is killing American workers A searing heat wave bearing down across the United States is causing deaths, hospitalizations and rising concerns about safety for Americans expected to work outside in hazardous conditions.

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