Today – and likely for the entire week – the most important event will be Fed Chair Jerome Powell’s speech at the Jackson Hole Symposium in Wyoming.
Markets expect Powell to emphasize a data-dependent approach, avoiding explicit signals regarding the September decision. After hawkish Fed remarks and stronger PMI data, investors have lowered the probability of a 25 bp September cut to 73.3%. On the other hand, Goldman Sachs expects Powell to sound dovish, paving the way for three rate cuts starting in September.
In addition, we will also hear comments from Collins and Hammack.
Detailed calendar of the day:
01:30 PM BST, Canada - Retail Sales Data for June:
- Retail Sales: previous -1.1% MoM;
- Retail Sales: forecast 1.3% MoM; previous -1.1% MoM;
01:30 PM BST, Canada - Manufacturing Sales for July:
- previous 0.3% MoM;
01:30 PM BST, Canada - Retail Sales Data for June:
- Core Retail Sales: forecast 0.9% MoM; previous -0.2% MoM;
03:00 PM BST, United States - Fed Chair Powell Speaks
05:00 PM BST, United States - U.S. President Trump Speaks
Economic Calendar: All eyes on US consumer 🇺🇸 (14.05.2026)
BREAKING: Pound rebounds 📈 UK GDP rises unexpectedly in March 🇬🇧
🚀 US PPI inflation skyrockets to 6%
Economic calendar: US PPI inflation and euro area GDP 📌
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