Markets Await FOMC Minutes, Flash PMIs, and Major US Retail Earnings

Key Facts

In a move reflecting market anticipation of monetary policy shifts, investors are looking forward to the release of the July FOMC meeting minutes this Wednesday. According to reports, these minutes are expected to provide deeper insight into the Federal Reserve's internal debates, coinciding with the release of flash August PMI data scheduled for this coming Friday. Markets are also awaiting quarterly earnings from retail giants Walmart and Home Depot to test the resilience of equity markets against rising bond yield pressures.

This context emerges as the global economy navigates crosswinds from higher oil prices and fiscal deficits, which are putting upward pressure on bond yields despite cooling inflation expectations. Per market data, Walmart (WMT) closed at $114.97 on August 17, 2026, while Home Depot (HD) stood at $338.86 at the close of August 14, 2026. These levels reflect the cautious sentiment prevailing in the retail sector ahead of quarterly disclosures that will reveal the extent of consumer health under current economic conditions.

Looking ahead, traders are monitoring price levels for retail stocks, noting that HD reached a daily high of $340.81 prior to its mid-August close. With no specific major events listed in the upcoming 7-day calendar for these instruments, focus remains on the catalysts identified in analyst reports. The FOMC minutes and flash PMIs will serve as the primary drivers for market liquidity and direction through the end of the week.