It’s a busy week on Wall Street as investors prepare for key economic data. The Federal Reserve’s Jackson Hole Symposium opens on Thursday, and Fed Chairman Jerome Powell is scheduled to speak on Friday, giving investors a clearer picture of what the central bank’s interest rate cuts will look like. After a strong week of economic data, Goldman Sachs has downgraded U.S. recession risks ahead of the Fed’s long-awaited September meeting. Consumers will be back in the spotlight this week, with retail earnings from Lowe’s (LOW), Target (TGT) and Ross (ROST) in the spotlight. Meanwhile, the Democratic National Convention opens in Chicago. President Biden is scheduled to speak on Monday night, handing the baton to Vice President Kamala Harris, who laid out her economic policy last week, which will go further when she formally accepts the nomination, providing a concrete picture of what her administration aims to accomplish if it wins in November. Trending stocks on Yahoo Finance include fuboTV (FUBO), GeoVax Labx (GOVX) and Dutch Bros (BROS).
The featured guests are:
9:00 AM ET – Satyam Pandey, chief U.S. and Canada economist, S&P Global Ratings
9:45 AM ET – Brian Gildenberg, Founder and CEO, Confluencer Commerce, Managing Director, Retail Cities
10:00 AM ET – Jan Hatzius, Chief Economist at Goldman Sachs
10:45 AM ET – Stephanie Guild, Head of Investment Strategy, Robinhood Financial
11:00 AM ET – Vance Howard, CEO and Portfolio Manager, Howard Capital Management