) will also be in focus, while a key reading of the Fed's preferred inflation gauge will highlight the economic calendar.On Friday, Powell made clear to investors that interest rate cuts are coming in September.
"We continue to think that if instead the August report is weaker than we expect, then a 50bp cut would be likely ," Goldman Sachs' economics team led by Jan Hatzius wrote in a note to clients. Economists expect annual "core" PCE — which excludes the volatile categories of food and energy — to have clocked in at 2.7% in July, up from the 2.6% seen in June. Over the prior month, economists project "core" PCE rose 0.2%, in line with the month-over-month increase seen in June.With nearly all members of the S&P 500 done reporting earnings, one massive report has been looming: Nvidia.
Snider said this move "speaks to the anxiety we were hearing from investors heading into the second quarter earnings season." ZANDVOORT, Netherlands — Lando Norris overcame a poor start to win the Dutch Grand Prix on Sunday and become the first driver to beat Max Verstappen at the champion's home race, as well as taking another bite out of Verstappen's standings lead.
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