2 weeks ago

Fed minutes, retail earnings, data to drive markets

Fed minutes, retail earnings, data to drive markets
Wall Street Week Ahead: Fed minutes, retail earnings and key economic data to drive markets · livemint.com

This week, people who buy and sell stocks are watching several important things.

The Federal Reserve, which is the group that helps control money in the United States, will share notes from its last meeting.

These notes might tell us if they will raise interest rates in September.

Interest rates are like the price of borrowing money.

Right now, most people think there is only a small chance rates will go up next month.

Big stores like Walmart, Target and Home Depot will also tell us how much they sold.

That helps us know if people are spending money.

Several reports about factories, building homes and jobs will come out too.

Last week, stock prices went down a little from their highest point ever.

That happened because stores sold less than expected and oil got more expensive.

Everyone is watching to see what happens next.

Key facts

Fed minutes release
Wednesday, August 19
September rate hike probability
27% for a 25-basis-point increase
Major retailers reporting
Walmart, Target, Home Depot, Costco, Kroger, Albertsons
Treasury auctions
$16 billion 20-year bonds Wednesday; $8 billion 30-year TIPS Thursday
S&P 500 Friday close
7,785.76, down 0.2%
Dow Jones Friday close
53,732.41, down 0.2%
Nasdaq Friday close
26,729.16, down 0.3%

Sources

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