2-Year yields and 3.7% core PCE prime August jobs data
Market week ahead centers on Friday U.S. nonfarm payrolls after a Jackson Hole shift lifted 2-Year yields and boosted the odds of a September rate hike to 57%. Core PCE remains at 3.7%.
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An overview of the week ahead: Fed Chair Kevin Warsh's Jackson Hole speech shifted expectations, pushing the 2-Year yield higher and raising the probability of a September rate hike to 57%.
The focus now turns to Friday's U.S. nonfarm payrolls report, which will serve as a key test for the Fed's next move alongside a stubborn 3.7% core PCE inflation rate.
Meanwhile, WTI Crude Oil futures hover in the low $80s as Iran-Oman talks over the Strait of Hormuz introduce potential supply considerations.
Plus, a look at an earnings week featuring 44 major companies and a full slate of global economic data.