Fed's Jackson Hole symposium could rattle stocks | Surprise leaders of the summer rally | Ethereum's big 'Merge'

Look to the Federal Reserve's Jackson Hole symposium as a major catalyst in the coming week.

VIEW IN BROWSER | SUBSCRIBE SAT, AUG 20, 2022 WEEKEND BRIEF EDITOR'S NOTE The Federal Reserve's annual Jackson Hole economic symposium is the big event of the upcoming week, and it could result in some volatile trading.   Fed Chairman Jerome Powell speaks there Friday and is likely to reinforce that the central bank is committed to doing what it takes to fight inflation. That could mean keeping interest rates higher for longer.   This contrasts with some investors' view that the central bank will raise rates and then start cutting them again in the second half of next year. "It's better for rates for the Fed to show tough love and demonstrate its vigilance on inflation than to let up," says Pimco's Tony Crescenzi.   If the central bank were to engage in a "stop and go" policy, rates would be higher simply because investors would think the Fed slowed policy too early to crush inflation, he said.   The S&P 500 was lower in the past week after four weeks of gains. The market is hesitant ahead of Jackson Hole and chart strategists say it may be setting up for a period of choppiness.   There are some economic reports in the coming week, the most important of which will be personal consumption expenditures data Friday. This report also includes the Fed's preferred inflation measure, the PCE deflator.   Retailers continue to report quarterly results, and Macy's, Gap, and Nordstrom are among those on the calendar.  Patti Domm | CNBC Markets Editor @pattidomm THE WEEK AHEAD The Federal Reserve's Jackson Hole meeting could shake up markets in the week ahead MICHAEL SANTOLI'S MARKET COLUMN Unexpected leaders have emerged from stocks' summer rally. Here's what we might learn from them ACTIVIST SPOTLIGHT How activist Politan Capital may find an opportunity to trim costs, build value at Masimo YOUR WEEKEND BRIEFING  Motor City meets a new test in the EV transition: Keeping gearheads behind the wheel YouTube removes video by Tesla investors using kids in FSD Beta test These stocks are gaining market share and have even more upside, analysts say Despite recession fears and fueled by 'revenge spending,' Americans spend $314 a month on impulse purchases Ethereum's long-awaited 'Merge' to drive bigger yields and draw in new investors History shows the Bed Bath & Beyond fiasco will spark even more Nasdaq selling Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy © 2022 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS