Week Ahead

ECONOMIC WEEK AHEAD: September 28 - October 2

Sep 27, 2026 4 min read

The week ahead is jam-packed with labor market data releases, capped off by September's employment report (Fri). August's PCED and the third estimate of Q2 GDP arrive Wednesday, along with BEA's annual revisions, followed by ISM's M-PMI on Thursday. FedSpeak continues, with Richmond Fed President Tom Barkin, Governor Lisa Cook, Chicago Fed President Austan Goolsbee, Minneapolis Fed President Neel Kashkari,

Ed Yardeni
Toby Hearst

ECONOMIC WEEK AHEAD: September 21 - 25

Sep 20, 2026 4 min read

The Federal Reserve raised the federal funds rate (FFR) by 25bps on Wednesday, lifting the target range to 3.75%-4.00%. The vote was unanimous. Fed Chair Kevin Warsh cited stronger growth, insufficient progress on inflation, and rising geopolitical risk as reasons for the move. The Fed's updated projections show inflation not returning fully to target until 2029, while growth and employment forecasts improved. Global bond yields

Ed Yardeni
Toby Hearst

ECONOMIC WEEK AHEAD: September 14-18

Sep 13, 2026 4 min read

Global bond yields rose across the board last week (chart). The US 10-year Treasury bond yield climbed 19 basis points to 4.97%. The UK's 10-year gilt closed at 5.35%, near its highest level in decades. Even Japan's 10-year, at 2.99%, is near multi-year highs. The European Central Bank (ECB) delivered its third rate hike of the latest tightening cycle

Ed Yardeni
Toby Hearst

ECONOMIC WEEK AHEAD: September 7-11

Sep 7, 2026 3 min read

August payroll employment jumped 162,000, a sharp reversal from July's decline, while the August unemployment rate held steady at 4.1%. Those numbers reinforce our view that the labor market remains solid, so the Fed has little reason to delay a rate hike. The federal funds futures market now prices a 59% chance of a hike at the September 15-16 FOMC meeting, up from roughly 50/

Ed Yardeni
Toby Hearst

ECONOMIC WEEK AHEAD: August 31 - September 4

Aug 29, 2026 4 min read

Fed Chair Kevin Warsh's speech at Jackson Hole on Friday was hawkish. He declined to offer forward guidance, saying he's "committed to a discipline, not a decision." He said this summer's better-than-expected inflation prints don't yet show that underlying trends have meaningfully improved, and that he'd be "hard pressed to describe broad financial conditions as

Ed Yardeni
Toby Hearst

ECONOMIC WEEK AHEAD: August 17-21

Aug 15, 2026 3 min read

Last week brought mixed inflation news in the US: July’s core CPI inflation rate cooled to 2.5% y/y, its lowest since March 2021 (chart). However, July's comparable PPI rose 4.4%. Wednesday’s release of the July 28-29 FOMC meeting minutes should provide some insights on how Fed officials were assessing the outlook for inflation before these numbers were available. Weekly unemployment claims (Thu)

Ed Yardeni
Toby Hearst

ECONOMIC WEEK AHEAD: August 3-7

Aug 2, 2026 4 min read

After a week dominated by the Fed news, Q2's GDP release, and four Mag-7 earnings reports, the week ahead is jam-packed with labor market data, capped by Friday's employment report. Fedspeak resumes as well, with Governor Lisa Cook and SF Fed Bank President Mary Daly both speaking on Wednesday. They were not among the three hawkish dissenters at last week's FOMC meeting.

Ed Yardeni
Toby Hearst

ECONOMIC WEEK AHEAD: July 20-24

Jul 18, 2026 3 min read

The week ahead is light on economic data. The entire week falls inside the Fed's blackout period ahead of the July 28-29 FOMC meeting, so there's no Fedspeak to parse before the committee revisits the current 3.50%-3.75% funds rate range. Odds are that the committee's statement will remain hawkish but postpone any rate hiking. On the other hand, the earnings

Ed Yardeni
Toby Hearst

ECONOMIC WEEK AHEAD: July 13-17

Jul 11, 2026 4 min read

The S&P 500 closed Friday at 7,575.39, up 1.2% on the week, while the Nasdaq rose 1.7% last week. The dominant story was a sharp re-escalation of the war between the US and Iran. Trump declared the ceasefire "over" on Wednesday after Iranian strikes on commercial vessels in the Strait of Hormuz, and the US carried out fresh airstrikes Wednesday night

Ed Yardeni
Toby Hearst

ECONOMIC WEEK AHEAD: July 6-10

Jul 5, 2026 3 min read

The S&P 500 closed Thursday at 7,483.23, up 1.8% on the week, while the Nasdaq rose 2.1%. Memory chip stocks pulled back sharply last week, cooling off the parabolic run that followed Micron's blowout June 24 earnings report (chart). Shares surged 17% the next day to a new all-time high of $1,255.00, then closed Thursday at $975.56, down

Ed Yardeni
Toby Hearst

ECONOMIC WEEK AHEAD: June 29 - July 3

Jun 28, 2026 4 min read

The S&P 500 closed Friday at 7,354.02, down 2.0% on the week, while the Nasdaq fell 4.5%. Apple and Microsoft raised their consumer product prices on Thursday, citing memory and storage chip costs that have more than doubled since last fall and are expected to double again by late 2027. The driver is demand for DRAM and NAND from AI data centers. Memory chip

Ed Yardeni
Toby Hearst

ECONOMIC WEEK AHEAD: June 22-26

Jun 21, 2026 4 min read

The US economic calendar is mostly quiet this week, but Thursday packs a heavy data load: final Q1-2026 GDP, May PCED, May durable goods orders, and weekly jobless claims. Lots of Fedspeak will be provided by FOMC participants this week. They will not lack for opinions to compare with those Fed Chair Warsh expressed in his debut presser last week. Globally, the Bank of Canada's Tiff Macklem

Ed Yardeni
Toby Hearst

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