US Q2 GDP Final, August Income and PCE Data Due at 20:30 Beijing Time

The Fed's preferred inflation gauge landing alongside revised growth data matters because it tests whether the disinflation trend held through August, which is what the rate-path debate ultimately hinges on. The final GDP reading is backward-looking and rarely moves markets on its own, but the pairing means a hot PCE print would carry more weight than usual. Whether the inflation measure continues its recent trajectory, and how that reshapes rate expectations, is the open question.