Market 08/21: Expectations for September Rate Cut Diminish

Key highlights:

• Statements from FED officials

• DOJ calls for Powell to fire Governor Cook

• Number of unemployment benefit recipients increases

• S&P Global August manufacturing PMI surges

• Existing home sales rise slightly again

• EU manufacturing PMI returns to expansion

• EU and US reach trade agreement

• China expected to buy 500 aircraft from Boeing

• South Korea invests additional $150 billion in US

• Walmart: Impact from tariffs but raises Q3 forecast

• Market: All standing still waiting for Jackson Hole