This week's market – Tuesday, August 25, 2026

This week's focus is on Fed Chair Warsh's speech at the Jackson Hole symposium (held August 27-29) over the weekend, along with the annual (preliminary) revision to US employment data. Markets have scaled back expectations for a rate hike at the September FOMC meeting, but views remain divided on the timing of any future hikes.
The key will be what direction Chair Warsh signals for monetary policy going forward.

There is also concern that the annual revision to employment data could show a significant downward revision to prior job gains.

A weak result could further dampen US rate hike expectations, potentially leading to dollar selling.

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