The Economy: Landing or Crashing?
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What’s in Today’s Report:
- The Economy: Landing or Crashing?
- Weekly Market Preview: Will A September Rate Cut Become a Guarantee This Week?
- Weekly Economic Data: Inflation Back in Focus (CPI This Week)
Futures are little changed despite positive geo-political news over the weekend.
In France, the “far-right” National Rally party underperformed expectations and will not be the majority party, reducing the chances of radical French policy changes.
In the Middle East, chatter surrounding a cease-fire between Israel and Hamas continues to get louder and a deal could be announced soon. That news is weighing on oil this morning.
This week will be an important one with two days of Powell testimony, the CPI report and the start of the Q2 earnings season, but today will be relatively quiet as there are no economic reports today and no Fed speakers.
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