Wall Street anticipates significant developments with expectations of Federal Reserve rate cuts and minimal tariff effects on the economy. Stock futures indicating slight increases show investor confidence. The S&P 500 has achieved an all-time high and corporate earnings remain robust. Inflation data and a weakening labor market suggest that the Fed may resume rate cuts next month. Critical events include the release of FOMC meeting minutes and a speech from Jerome Powell, which will illuminate the Fed's stance on monetary policy amidst ongoing economic conditions.
Stocks have notched two consecutive weekly gains, with the S&P 500 hitting a fresh all-time high last week, as corporate earnings have continued to come in strong.
The labor market also looks weaker, leading Wall Street to believe the inflation data gives the Federal Reserve a green light for rate cuts next month.
On Wednesday, the Fed will release minutes from its policy meeting in July, which will show the extent of debate among policymakers regarding rate cuts.
Energy markets will be closely observed this week, particularly regarding U.S. sanctions on Russia and their impact on oil exports amid the ongoing conflict in Ukraine.
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