Investors are gearing up for a pivotal week as key events like the release of June's Consumer Price Index (CPI), Federal Reserve Chair Jerome Powell's semiannual testimony, and major banks' second-quarter earnings reports take center stage.
Market sentiment is leaning towards a potential interest rate cut in September, with expectations rising following signs of cooling inflation and slowing job growth. The upcoming earnings season will provide insights into whether the surge in megacap stock prices aligns with their actual performance, influencing investor decisions.
With markets already pricing in a 70-72% chance of a rate cut, the pressure is on the Fed to strike a delicate balance to avoid triggering a recession while supporting economic growth.
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