Now Reading: US markets await inflation data, retail sales this week
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US markets await inflation data, retail sales this week
Wall Street faces a busy week with key economic data, corporate earnings, and Treasury auctions. After July's unexpectedly weak nonfarm payrolls, investors will scrutinise inflation readings, retail sales, and housing figures for…
The Story in Brief
Wall Street faces a busy week with key economic data, corporate earnings, and Treasury auctions. After July's unexpectedly weak nonfarm payrolls, investors will scrutinise inflation readings, retail sales, and housing figures for clues on the US economy and the Fed's next move, livemint.com reports. Money markets see about a 44% chance of a rate cut in September, per LSEG data.
The July Consumer Price Index arrives on Wednesday, followed by the Producer Price Index on Thursday. Retail sales and a consumer sentiment survey land on Friday. Earnings from Cisco, Applied Materials, and others will shed light on corporate demand. The Treasury will auction $58 billion of three-year notes, $42 billion of 10-year notes, and $25 billion of 30-year bonds.
The Indian Opinion
The market is already pricing in rate cuts after one weak jobs report, but inflation has been sticky for months. Cheerleaders of a 'soft landing' ignore that consumer spending and housing data could still surprise on the upside. The real test is whether Wednesday's CPI and Thursday's PPI show genuine cooling or just monthly noise. A hot inflation print would puncture the rally. Will the bulls be proved right, or is this another false dawn?
Source: livemint.com
This story was synthesised by AI from the source linked above.
