The Fed's favored inflation gauge, the Jackson Hole Symposium, and Nvidia earnings highlight a critical week with oil prices and Treasury yields rising.
Crude oil futures (/CL) moved higher on Friday as traders looked past an unexpected weekly commercial inventory build and focused instead on signs of underlying supply tightness.
BLS releases the preliminary benchmark revisions this week. Schwab's Kevin Gordon breaks down what that number is and why it matters in his look at the Week Ahead.
Stocks are attempting to stabilize after a choppy week for risk assets, with Treasury yields pulling back mid-week after the Treasury Department announced plans to increase purchases of longer-term securities.
Walmart's results loom before the open. Yesterday saw bond yields fall as the Treasury stepped in. Fed minutes revealed some willingness to raise rates if inflation doesn't cool.
Rising U.S. and global yields continue to drag the stock market, now down three days in a row. Fed minutes later could shed light on the rate debate. Target reports this morning.
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