This week is a significant moment for macroeconomic data, with multiple key indicators set to be released, providing a comprehensive picture of the health of the U.S. economy for the market.

First, the GDP data for the second quarter will be released on Wednesday. The market expects a growth rate between 2.4% and 2.6%, which, considering the first quarter's performance of -0.5%, still indicates a moderate overall growth rate. However, based on the recent credit growth shown in the banking sector reports, it is expected that the economy may maintain a growth rate of over 2% in the second half of the year.

On the same day, the Federal Reserve meeting is highly anticipated. Although interest rates are expected to remain unchanged, investors will closely watch whether Chairman Powell hints at a possible policy adjustment in September, which could be interpreted as a dovish signal.

On Thursday, the core PCE inflation data is expected to be 0.3%, slightly higher than the core CPI. This difference mainly arises from the rise in commodity prices caused by tariffs and the growth in the financial services industry driven by the booming stock market. The Employment Cost Index (ECI), released on the same day, is an important indicator of wage growth, expected to be 0.8%. If it meets expectations, it may enhance the Federal Reserve's confidence in future interest rate cuts.

On Friday, the focus will shift to the job market. Non-farm payrolls are expected to increase by 109,000, with private sector employment increasing by 100,000, which is more valuable for reference. The unemployment rate is expected to drop to 4.2%, reflecting the continued resilience of the job market.

This data will collectively outline the current state of the U.S. economy, providing important references for policymakers and market participants. They not only reflect the dynamics of economic growth, inflation, and employment but will also influence the direction of future monetary policy. Investors should closely monitor these indicators to better grasp market trends and investment opportunities.