The economic calendar for the week of July 17-21, 2023, is relatively light. However, there are a few key events that could have a significant impact on the markets. Investors will be closely watching the GDP report, the Core PCE Price Index, and the Nonfarm Payrolls report. These reports will provide an update on the state of the US economy and could influence the Federal Reserve’s decision on interest rates.
- GDP Report
The GDP report is expected to show that the US economy grew at an annualized rate of 2.5% in the second quarter, down from 3.1% in the first quarter. This slowdown is likely due to a number of factors, including the ongoing trade war with China and the Federal Reserve’s tightening of monetary policy.
- Core PCE Price Index
The Core PCE Price Index is expected to show that inflation rose to 4.9% in July, up from 4.7% in June. This is the highest level of inflation in nearly four decades and is likely to keep the Federal Reserve on track to raise interest rates.
- Nonfarm Payrolls Report
The Nonfarm Payrolls Report is expected to show that the US economy added 275,000 jobs in July, down from 372,000 in June. This slowdown is likely due to the ongoing trade war with China and the Federal Reserve’s tightening of monetary policy.
The market outlook for the week of July 17-21, 2023, is mixed. The GDP report, the Core PCE Price Index, and the Nonfarm Payrolls Report could all have a significant impact on the markets. If these reports show that the US economy is slowing down, then the markets could sell off. However, if these reports show that the US economy is still growing, then the markets could rally.
Overall, the economic calendar for the week of July 17-21, 2023, is relatively light. However, there are a few key events that could have a significant impact on the markets. Investors will be closely watching these reports and will be looking for any signs of a slowdown in the US economy.
Market Update: July 17-21, 2023
Disclaimer: This is not financial advice. Please do your own research before making any investment decisions.
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