Fed Rate Decision, Dreamforce Lead Week's Calendar — SkimNews
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- Federal Reserve two-day policy meeting concludes Wednesday afternoon, with market odds near 90% pricing in an interest rate hike after August core CPI rose a hotter-than-expected 0.3%.
- August retail sales report lands the morning of the Fed decision, carrying outsized weight because consumer spending drives roughly two-thirds of U.S. GDP.
- Thursday housing data — August housing starts and pending home sales — will not yet reflect last week's spike in 30-year fixed-rate mortgages above 7%, a blind spot for rate-sensitive investors.
- August industrial production and capacity utilization report releases Friday, offering a read on manufacturing health to round out the week's economic calendar.
- Dreamforce 2026 runs Tuesday through Thursday in San Francisco, where Salesforce CEO Marc Benioff delivers a keynote that Jim Cramer will interview him about for "Mad Money."
- Salesforce enters Dreamforce with shares up 50% over the past three months and near break-even year-to-date, a sharp reversal from earlier AI-disruption fears that crushed the stock.
Why it matters: A near-certain Fed rate hike is largely priced in, but this week's housing data won't yet capture last week's mortgage spike above 7% — leaving investors flying partly blind on housing's rate-sensitivity just as 30-year borrowing costs cross a psychological threshold.
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