Investors await key economic data this week, including consumer confidence, revised GDP growth, and the PCE Index.
Minneapolis Fed President Neel Kashkari defended the recent rate cut and sees more cuts ahead.
AdvertisementUS stocks rose on Monday, with the S&P 500 and Dow Jones Industrial Average testing record highs as investors prepare for fresh economic data this week.
Investors will get consumer confidence data on Tuesday, another revision to second-quarter GDP growth on Thursday, and fresh inflation data on Friday with the release of the personal consumption expenditures index.
The chatter comes just a few days after the Fed cut interest rates by 50 basis points at the end of its policy meeting last Wednesday.
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Dow Jones, Neel Kashkari, —, Kashkari
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