Goldman Sachs lowers recession risk odds, DNC kicks off, retail earnings put consumer back in focus: Yahoo Finance
It’s a busy week on Wall Street as investors brace for key economic insights. The Federal Reserve’s Jackson Hole Symposium will kick off on Thursday, and with Fed Chair Jerome Powell slated to speak on Friday, investors will get a clearer picture of what the central bank’s interest rate cuts may look like. After a week of strong economic data, Goldman Sachs has lowered its US recession risk ahead of the Fed's highly anticipated September meeting. The consumer will be back in focus this week as retail earnings from Lowe's (LOW), Target (TGT), and Ross (ROST) take center stage. Meanwhile, the Democratic National Convention is kicking off in Chicago. President Biden is expected to speak Monday evening as he passes the torch to Vice President Kamala Harris. Harris announced her economic agenda last week and will likely go further in-depth when she formally accepts the nomination, laying out exactly what her administration will seek to accomplish if she wins in November. Yahoo Finance trending tickers include fuboTV (FUBO), GeoVax Labx (GOVX), and Dutch Bros (BROS).
Key guests include:9:00 a.m. ET - Satyam Panday, Chief US and Canada Economist, S&P Global Ratings9:45 a.m. ET - Bryan Gildenberg, Confluencer Commerce Founder & CEO; Retail Cities Managing Director10:00 a.m. ET - Jan Hatzius, Goldman Sachs Chief Economist10:45 a.m. ET - Stephanie Guild, Robinhood Financial Head of Investment Strategy11:00 a.m. ET - Vance Howard, Howard Capital Management CEO and Portfolio Manager
