Earnings are done, the week is not

With reporting season wrapped, attention shifts to a two-day Fed policy meeting and a packed run of investor conferences.

Wednesday is the main event

The Fed's decision lands Wednesday afternoon. Markets are pricing roughly 90% odds of a move after August core CPI ran slightly hot at 0.3%.

“we find out if the market odds of nearly 90% for an interest rate hike are correct”

Retail sales come first

August retail sales drop Wednesday morning, hours before the Fed. Consumer spending drives about two-thirds of U.S. GDP, so the read matters.

Housing, minus the mortgage shock

Housing starts and pending home sales arrive Thursday. Neither captures last week's jump in the 30-year fixed mortgage above 7%.

“housing punches above its weight economically speaking”

Factories close the week

Friday brings August industrial production and capacity utilization, the last data point before the week ends.

Dreamforce takes over San Francisco

Salesforce's conference runs Tuesday through Thursday, drawing tens of thousands plus a Benioff-hosted concert with Usher and Gwen Stefani for UCSF Benioff Children's Hospitals.

Salesforce arrives on a hot streak

The stock was hammered earlier this year on fears AI would gut enterprise software. Shares are up 50% in three months and near break-even for 2026.

A conference circuit worth tracking

Cardinal Health, J&J and Eli Lilly present Monday. Honeywell, Home Depot, GE Vernova, Eaton, Boeing, Goldman and Capital One follow, with J&J closing out on the Ottava surgical robot.