Inflation data for July, with CPI expected at 3.4% and core PPI at 2.5%, will be released Wednesday and Thursday. Fed Governor Lisa Cook said inflation risks now outweigh employment risks, highlighting AI data center construction as a durable inflationary driver. July payrolls disappointed with a loss of 23,000 versus an expected gain of 83,000. Cardinal Health is the only portfolio company reporting earnings this week. The market also remains vigilant for any developments on the Iran conflict that could impact energy prices and maintain volatility.
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