By Sarah Min
Publication Date: 2026-08-21 18:45:00
The summer may be winding down, but there’s an awful lot of potentially market moving activity in store next week. Between Jackson Hole, Nvidia earnings and the Federal Reserve’s preferred inflation report all coming in a five-day stretch, investors will have to stay on their toes navigating the cross currents — especially as turbulence in the bond market finally washes up to reach stocks. The yield on the U.S. 30-year Treasury surged to multi-decade highs this week, and refused to fall even after Treasury Secretary Scott Bessent made the surprise decision to at least double buybacks of long-dated bonds starting in September. That heightens the importance of what Fed Chairman Kevin Warsh might say next week at the central bank’s annual symposium at Jackson Hole, Wyoming, to calm bond investors. The newly-installed Fed leader has had an inauspicious start so far, in that regard, given his insistence on staying tight lipped and his refusal after the central bank’s July meeting to give forward guidance. Instead, yields have spiked. “It’s pretty clear he can’t keep repeating what he said,” said Steve Englander, global head of G10 FX research at Standard Chartered. “Because the market is somewhat skeptical of commitments to get inflation down without saying what you’re willing to do to get it down.” Debt concern Mounting concern around U.S. government debt, which just crossed the $40 trillion mark this week for the first time, massive spending on artificial intelligence and…
