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After Federal Reserve chair Jerome Powell ended the week noting the central bank is “prepared to raise rates further,” the economic calendar will bring two of the Fed’s key data points into focus in the week ahead: A labor report and an updated look at inflation.The Personal Consumption Expenditures (PCE) index, the Fed’s preferred inflation indicator, is scheduled for Thursday morning while the August jobs report is expected Friday at 8:30 a.m. ET.Investors will track weekly jobless claims data and the monthly read on private payrolls from ADP, both due out Thursday. The monthly look at job openings on Tuesday will also garner investor attention as will fresh data on housing prices and manufacturing prices.On the corporate side of things, Best Buy (BBY), Lululemon (LULU) and Salesforce (CRM) highlight the earnings calendar as quarterly reporting season winds down.Stocks have lagged for the month of August, but found some reprieve last week as investors piled into the tech-heavy Nasdaq ahead of what proved to be a blowout quarterly report for artificial intelligence stalwart Nvidia (NVDA …
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