2 weeks ago
Fed minutes, retail earnings, data to drive markets
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.
Federal Reserve minutes due Wednesday may reveal whether a September rate increase remains possible.
Money markets price a 27% probability of a 25-basis-point rate hike at the Fed's September meeting.
Walmart, Target, Home Depot, Costco, Kroger and Albertsons are among retailers reporting quarterly results.
Economic data due includes August PMIs, Empire State and Philadelphia Fed surveys, July industrial production and housing starts.
US stocks retreated from all-time highs on Friday after weak retail sales data and higher crude oil prices.
- Who
- The Federal Reserve, major US retailers including Walmart, Target, Home Depot, Costco, Kroger and Albertsons, and Wall Street investors.
- What
- Investors are watching Fed meeting minutes, retail earnings and key economic data for clues on interest rates and consumer spending.
- Where
- United States, including Wall Street and Washington, D.C.
- When
- The week of August 17-21, with Fed minutes scheduled for release on Wednesday, August 19.
- Why
- To gauge whether the Federal Reserve may raise interest rates in September and to assess the health of consumer spending and the US economy.
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%










