This is a week loaded with economic data releases that have the potential to shed light on the health of the US economy and change minds at the Federal Reserve—none more so, perhaps, than inflation. While the CPI and PPI are always of interest, the July releases come in the aftermath of jobs data that increased the prospect of interest rate cuts.
In this context, retail sales data for July will also receive increased scrutiny as the financial markets seek clues about how tariffs are affecting consumers. In addition, corporate earnings from Cisco, Applied Materials, Deere, and other household names might offer hints of what’s coming next in 2025—especially in tech and industrials.
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