Markets· August 16, 2026 at 05:00 p.m.
Retail Earnings, Fed Minutes, and Economic Data Shape Market Direction
Key takeaways
- Retail earnings from Home Depot, Target, TJX Companies, and Walmart
- Fed minutes from the FOMC meeting on Wednesday
- Philadelphia Fed Manufacturing Index, initial jobless claims, preliminary August Manufacturing and Services PMI, and crude oil inventories
This week, retail earnings from Home Depot, Target, TJX Companies, and Walmart will provide insights into consumer spending across different income levels and sectors. The Federal Reserve's minutes from the FOMC meeting on Wednesday will offer insights into Chair Kevin Warsh's policy deliberations, focusing on inflation trajectory, technology sector repricing, and growth concerns. Additionally, economic data such as the Philadelphia Fed Manufacturing Index, initial jobless claims, preliminary August Manufacturing and Services PMI, and crude oil inventories will provide context for evaluating market direction.
