Will GDP Data Spark Market Volatility Thursday? - MMMK 082624

Last week, Jerome Powell's optimistic comments lifted the markets, possibly signaling future rate cuts. Some expect four rate cuts by year-end, but with only three meetings left, one would need to be 50 basis points, which seems unlikely. The September 18th meeting may bring a rate cut, but traders should focus on market action.
This week is packed with key events: Nvidia reports earnings Wednesday, expected to shake the market. Following are reports from Salesforce, CrowdStrike, Dell, and more.
On the economic front, keep an eye on Thursday's GDP data and Friday's Core PCE Price Index report, crucial for inflation insights. Expect volatility as markets digest these updates.
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