Investors will have plenty to monitor today. The Fed's favorite inflation gauge and GDP data are due this morning, while Nvidia and other major tech earnings arrive after the bell.
Consumer confidence and new home sales reports are on the menu today, but attention remains on looming Nvidia earnings and PCE inflation data amid brewing trade tensions.
The U.S. Department of Agriculture (USDA) released its latest Cattle on Feed (COF) report on August 21, giving livestock traders a fresh look at the balance between tightening feeder cattle supplies and slower feedlot turnover.
The Fed's favored inflation gauge, the Jackson Hole Symposium, and Nvidia earnings highlight a critical week with oil prices and Treasury yields rising.
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.
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