What to Expect in the Week Ahead (NVDA, LOW, DLTR Earnings; Fed Gathers in Jackson Hole)

The majority of second-quarter earnings season is over, with a handful of major technology and retail names left to report this week. Economists will be focused on any news from an annual gathering of monetary policy thinkers and practitioners in Jackson Hole, Wyoming.

The Federal Reserve Bank of Kansas City will host its 2023 Economic Policy Symposium from Thursday through Saturday. This year's topic will be "Structural Shifts in the Global Economy." Fed chair Jerome Powell is scheduled to address the conference on Friday.

Economic data out this week will include Markit's manufacturing and services purchasing managers' indexes for August on Wednesday. Both are expected to tick down from their July levels.

Other releases will include the National Association of Realtors' existing-home sales for July on Tuesday, new-home sales data for July on Wednesday, the Census Bureau's durable goods report for July on Thursday, and the University of Michigan's Consumer Sentiment index for August on Friday.

The National Association of Realtors reports existing-home sales for July.

The Census Bureau and Department of Housing and Urban Development release new-home sales for July.

Dozens of central bankers, policymakers, academics, and economists descend on Jackson Hole, Wyo., this week for the Federal Reserve Bank of Kansas City's annual economic policy symposium. The event will kick off on Thursday and Fed Chairman Jerome Powell will speak on Friday.

The Census Bureau releases its durable goods report for July.

The University of Michigan releases the final results for its August survey of consumers on Friday. Economists surveyed by FactSet expect the consumer sentiment index to remain at 71.2, essentially unchanged from July. Over the past three months, consumers have become much more optimistic about the economy.