US: Focus on FOMC Minutes and existing home sales – TDS

Analysts at TD Securities point out that Minutes for the August FOMC will be published at 14:00 ET and have the potential to be more market moving than Powell's address at Jackson Hole.

Key Quotes         

“We will look for any discussion of an inflation overshoot, hiking beyond neutral, yield curve dynamics and/or changes to the operational framework for policy.”

“Existing home sales for July round out the calendar with the market looking for a 0.4% m/m increase to a 5.40m pace.”