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Market will be swimming in earnings from FANG and others, and that could be a good thing
The Federal Reserve's midweek meeting — coupled with a marquee list of corporate earnings reports — could make the week ahead among the most important of the summer. There are also several key economic reports, with the biggest being second-quarter GDP Friday, now expected at 2.5 percent. The Fed is not expected to take any action at its two-day meeting, but it could provide more details Wednesday as to when it might start to scale back its $4.5 trillion balance sheet and what it currently thinks about a now fourth month of weaker inflation data. For the stock market, however, it could be the make-or-break week ... (full story)