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What to Expect in Markets This Week: July Inflation Data, Plus Updates on US Consumer Spending and Sentiment
Economists and investors will peruse retail spending and inflation data this week.Credit: Spencer Platt / Getty ImagesIt’s time for a cost-of-living checkup. Assessments of U.S. consumer prices, spending and sentiment are due this week—and they could shed light on whether improvements in June were significant enough to withstand geopolitical shocks.The July Consumer Price Index reading will land Wednesday. The cost-of-living measure ticked down in June—before the U.S.-Iran ceasefire fell apart and fighting in the Middle East escalated. The conflict has curtailed oil shipments in the Hormuz…
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