As investors brace for a slew of economic data this week, Citi economist Veronica Clark joins Market Domination to share her economic outlook and offer fresh insights into the state of the economy.

Clark predicts the Federal Reserve could initiate interest rate cuts as early as September, followed by cuts at every following meeting. She explains that this "consecutive cut call" is predicated on signs of a softening labor market. However, she cautions that the "unemployment number ticking up will be increasingly concerning for Fed officials."

"We're kind of in this trade-off era: Are we going to have a soft landing? Are we going to weaken further?" Clark tells Yahoo Finance. "I think we have a much easier time now than maybe a couple months ago convincing people that things are slowing down. A couple months ago, the story was reacceleration and growth picking up again, maybe the Fed would have to hike again. That looks much less likely."

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This post was written by Angel Smith