Federal Reserve officials convene in Jackson Hole, Wyo. for their annual symposium in the shadows of the Grand Tetons at the end of the week. They may look relaxed as they gather in person again, but tensions will be running high as Fed Chairman Jerome Powell discusses winding down the bond program while trying to steer clear of a market "taper tantrum."
Fed officials, through speeches and the minutes of their last meeting, have moved forward expectations for the slowing of bond purchases, a first step away from the easy policies put in place in the pandemic.
Besides the Fed, there is housing data and durable goods, as well as Friday's release of the Fed's closely watched inflation gauge, the PCE deflator. A few earnings are also on the calendar, including HP, Dell and Best Buy.
