Next week is shaping up to be one of the most eventful stretches of the summer for markets. All eyes will be on Wednesday, when the Federal Reserve announces its latest rate decision—widely expected to hold steady at 4.50%. But it’s not just the decision that matters; the accompanying FOMC statement and press conference could offer crucial clues about the Fed’s next move, especially with second-quarter GDP data and ADP employment figures (-33K expected) arriving earlier that day.

Friday follows up with another potential market jolt: the July jobs report. Analysts are penciling in 147K new nonfarm payrolls and a steady unemployment rate of 4.1%. Meanwhile, the Core PCE Price Index, due Thursday, will be closely watched for inflation trends, with a 0.2% MoM rise anticipated.

On the earnings front, it's a tech-heavy lineup. Microsoft, Meta, Apple, Amazon, and Qualcomm are all reporting—Meta alone is expected to post EPS of 5.85 on $44.72B revenue. Not to be outdone, Visa, Starbucks, and Procter & Gamble round out a packed corporate slate. Adding to the intrigue is the IPO debut of i-80 Gold Corp. and a key tariff negotiation deadline on Friday. With so many moving pieces, investors should buckle up—volatility may be the only constant this week.