The U.S. economy and markets head into an unprecedented week of A-list events and data releases. On deck: Q2 GDP on Wednesday, private and government payrolls reports, job openings and quits data, plus Thursday's core inflation and personal income figures. All will shape Wednesday's Fed decision and any hints at the rate cuts the White House has demanded.
Policy and legal risks loom large. Thursday brings oral arguments on the legality of Trump's tariffs—just before planned hikes to 15%–19%—while Beijing and Brussels race to strike trade deals that could sidestep higher levies. Concurrently, investors brace for earnings from 843 companies, led by Microsoft, Meta, Amazon and Apple, after markets rallied 32% from April lows but now show overbought signals.
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