Overview

• U.S. futures edged lower on Monday as investors awaited Wednesday’s release of July Fed meeting minutes revealing dissents and guidance ahead of Powell’s Jackson Hole speech.
• CME FedWatch shows about an 85% chance of a September rate cut, down from near certainty after mixed inflation readings and a hotter-than-expected producer price index.
• Home Depot reports earnings Tuesday, followed by Lowe’s and Target on Wednesday and Walmart on Thursday to shed light on consumer spending and tariff impacts.
• President Trump’s meeting with Ukraine’s Volodymyr Zelenskiy in Washington adds fresh geopolitical uncertainty after his Alaska talks with Putin ended without agreement.
• Bitcoin has retreated to around $115,000, marking a modest pullback from recent highs as markets weigh upcoming policy and earnings catalysts.