Key Events This Week: FOMC Minutes, PMIs, Industrial Data; WalMart And Home Depot Earnings
1 min readAnalysis by AlgoThesis Editorial Desk
The story
The week’s calendar brings the release of the FOMC minutes, purchasing-managers surveys, industrial data and quarterly results from Walmart and Home Depot. Deutsche Bank’s Peter Sidorov said expectations for an imminent Federal Reserve rate hike have receded, but the shift has coincided with a significant steepening of the US yield curve and a sell-off in longer-dated bonds.
The report attributes upward pressure on yields to higher oil prices, elevated fiscal deficits and demand for capital from the AI investment boom. Home Depot is the named equity in play; Finnhub’s enrichment shows FY2026 revenue of $164.7B, up 3.2% year over year, with a 33.3% gross margin, an 8.6% net margin and diluted EPS of $14.23.
The immediate read will depend on the FOMC minutes, the incoming activity data and Home Depot’s earnings. Key follow-through items are the direction of long-end yields, the company’s sales and margin commentary, and whether the macro data reinforces or relieves pressure on rate-sensitive consumer demand.
The two-sided take
The house read
Two-sidedWrong ifA renewed long-end Treasury sell-off or weaker consumer and housing demand would pressure the setup; stronger-than-expected Home Depot results and easing yields would invalidate the cautious read.
Published read · research, not advice