US GDP, Inflation Update Eyed Through Political Storm

The data docket's crowded in the US this week, when traders and investors will contend with top-tier releases including the preliminary tally of Q2 GDP and an update on the Fed's preferred price gauge. Notwithstanding a surprisingly robust retail sales report covering June, the data generally points to a US economy that's slowing, consistent with the Fed's efforts to finally corral price growth more than three years after inflation accelerated during the earliest month's of Joe Biden's presiden