Week ahead of the rate cuts anticipated amid economic data

Traders continue to watch the Federal Reserve’s indications regarding potential rate cuts. Despite new forecasts for monetary policy that include an interest rate reduction in 2024, market expectations remain firm for the first cut in September, followed by another in November.

The upcoming Fed meeting at the end of the month, along with Chairman Jerome Powell’s recently added emphasis on data dependency, is the main reason why this week’s economic releases are important.

Read more to find out about the pace picks up mid-week.