Fed Minutes and PMI to Watch as Hormuz Shipping Developments Impact Oil and Risk Appetite

Fed Minutes and PMI to Watch as Hormuz Shipping Developments Impact Oil and Risk Appetite MarsBit Release Time: 08/17/2026 07:32:54 Share Summary Fear and Greed Index readings remain mixed as traders prepare for key economic updates. On August 17, 2026, the Fed’s July meeting minutes and August PMI data will take center stage. Recent weak U.S. CPI, PPI, and retail sales data have pushed the probability of a September rate hike to around 27%, with Goldman Sachs labeling it “very unlikely.” The minutes will still be closely analyzed for insights into inflation and energy prices. Meanwhile, progress in reopening the Hormuz Strait, supported by Iran-Oman negotiations, could alleviate oil price pressures and inflation concerns—though lingering shipping risks persist. With altcoins facing mixed macro signals, the market will also monitor earnings from Walmart, Target, and Home Depot to assess consumer health.