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Economic News

Friday, August 21, 2026

Static Quote FNMA 30-year 5.50% MBS 99.00 -18 bps

Next week is a very big one for the financial markets and interest rates.

We will receive the Fed’s favorite gauge of inflation, Core PCE, which will give markets another important read on underlying inflation pressures.

But perhaps more importantly, we will hear from Kevin Warsh at the Jackson Hole symposium. Jackson Hole has historically been a forum for significant monetary policy announcements, making his appearance especially important to watch as a first-time visitor. His message and how the financial markets interpret it could have meaningful implications for interest rates.

We will also see new Treasury auctions. With yields already elevated, we’ll be watching closely to see the appetite for this new debt. Strong demand could provide some support to the bond market, while weak demand could add additional pressure to yields.

Between inflation, Jackson Hole and Treasury supply, there will be plenty for the bond market to digest. Stay tuned.

Fed Fund futures are showing a 35.30% chance of 0.25% raise at September 16th meeting.


Economic Calendar

U.S. ECONOMIC CALENDAR
Week of August 24–28, 2026
All times Pacific Time (PT)

MONDAY
No major U.S. economic releases scheduled.

TUESDAY
6:00 AM — S&P/Case-Shiller Home Price Index
7:00 AM — Consumer Confidence
7:00 AM — New Home Sales
7:00 AM — Richmond Fed Manufacturing Index

WEDNESDAY
5:30 AM — Durable Goods Orders
5:30 AM — Gross Domestic Product (GDP), 2nd Estimate
5:30 AM — Personal Income & Spending
5:30 AM — PCE Price Index
5:30 AM — Core PCE Price Index
7:00 AM — Pending additional economic indicators

THURSDAY
5:30 AM — Initial Jobless Claims
5:30 AM — Wholesale Inventories

FRIDAY
6:45 AM — Chicago PMI
7:00 AM — University of Michigan Consumer Sentiment, Final

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