Financial markets will digest a wide range of data this week, including the much-anticipated second-quarter gross domestic product (GDP). Investors also will closely monitor the results of the July policy meeting of the Federal Reserve.
Regional Fed surveys, housing numbers, consumer indexes, and labor and inflation figures will also be released throughout the week.
For investors, GDP data and the Fed meeting will be the main focus during what experts say is the most important week of the summer.
Will the United States Avert a Recession?
The Bureau of Economic Analysis (BEA) will release the second-quarter GDP numbers on Thursday. The market consensus for the GDP growth rate has risen, to an annualized pace of 0.5 percent….