What to Expect in Markets This Week: Inflation Data; Fed Speakers; Earnings from Micron, Costco

Group 1: Federal Reserve Actions - The Federal Reserve cut interest rates for the first time in 2025, signaling a shift in monetary policy [1][2][8] - Fed officials will be closely monitoring economic indicators before making further rate decisions, with several speaking engagements scheduled this week [3][8][6] Group 2: Economic Data and Market Reactions - Key economic data releases this week include the final revision of second-quarter GDP, home sales, jobless claims, and consumer sentiment, which will provide insights into the economy's health [4][9][6] - The stock market reacted positively to the Fed's rate cut, with all three major U.S. indexes reaching record highs [2][5] Group 3: Corporate Earnings Reports - Micron Technology is set to report earnings, with analysts optimistic due to strong demand for memory chips driven by data center clients [10][11] - Costco is expected to report quarterly results, having previously seen an 8% increase in sales, indicating robust consumer spending [11][10] - CarMax's earnings report will shed light on the used car market, while AutoZone and other firms will also report this week [11][10]