The upcoming week, from July 30th to August 1st, will be critical for the US economy, featuring the FOMC rate decision and Chair Powell's press conference on Wednesday, Q2 GDP data on Thursday, and the July Nonfarm Payrolls report on Friday. While a rate cut from the Federal Reserve is not anticipated, markets will be looking for clues on future monetary policy given calls for cuts from President Trump and recent inflation concerns. Q2 GDP is expected to rebound after a Q1 contraction, with forecasts around 1.5% to 2.3%. The Nonfarm Payrolls report on Friday will provide insights into the labor market, with expectations of around 100K-110K new jobs. This packed schedule is likely to lead to increased market volatility as investors digest these key economic indicators.
The coming week, July 30th to August 1st, is packed with crucial US economic data and Federal Reserve announcements that will likely cause significant market volatility.
On Wednesday, the FOMC rate decision is expected to keep rates steady, but Chair Jerome Powell's press conference will be closely watched for any signals about future rate cuts, especially amid political pressure and evolving inflation concerns.
Thursday brings the advance estimate of Q2 US GDP, with forecasts suggesting a rebound to 1.5%-2.3% growth after a Q1 contraction.
Finally, Friday's July Nonfarm Payrolls report will offer fresh insights into the labor market, with expectations around 100K-110K new jobs. Deviations from these forecasts could heavily influence market sentiment regarding the Fed's next moves and the broader economic outlook.
