The Economic Week Ahead: August 19-23

The week ahead is light on economic data. However, there will be lots of news coming out of Jackson Hole, Wyoming from Thursday through Saturday as many of the world's central bankers gather for their annual meeting near the Grand Teton mountain range. Most important will be Fed Chair Jerome Powell's speech on Friday at 10:00 a.m. (EST). Many other central bankers from the Fed and around the world will speak to the press there as well. Here's a quick rundown of what we'll be watching for, the potential market implications, and economic data we're monitoring this week:

(1) Fed. As the Fed's dual mandate comes into better balance, we'll be listening for Fed officials' take on the latest unemployment and inflation data. Will they agree with us that July's weak employment report was mostly caused by bad weather? If they do, will they push back against market expectations of several rate cuts ahead (chart)?