The state of President Donald Trump’s economy is about to come into full view.
A slew of crucial economic data is set for release this week, including the jobs report, inflation, consumer confidence and corporate earnings. We’ll get the first glimpse at America’s second-quarter gross domestic product, the broadest measure of the economy. And, most crucially, the Federal Reserve will decide whether to cut rates or hold steady one more time.
As if that weren’t enough, Trump’s trade polices also come due: Friday is the administration’s self-imposed deadline for settling tariff rates for all 200+ US trading partners. Trump’s top economic advisers will be negotiating a trade framework with China in Sweden. And an appeals court will hear arguments this week about whether the bulk of Trump’s tariffs are even legal, to begin with.
Altogether, the data could paint a picture of an economy that is resilient — but slowing under the weight of Trump’s dizzying tariff changes, reductions in government workers and spending, and an aggressive deportation of foreign-born workers.
Here’s a look at what to expect this week and why the data matters:
