S&P 500 Gets Rate Hike Reality Check From Fed's New Chief

Ironman at Political Calculations 3.48K Followers Follow Summary The S&P 500 closed the trading week ending Friday, 28 August 2026, at 7,711.76, up 0.4% from where it closed out the preceding week. The biggest market-moving event of the week came on Friday, as the new chair of the Federal Reserve spoke at the Fed's annual retreat in Jackson Hole, Wyoming. The Atlanta Fed's GDPNow tool projects +4.6% real GDP growth for the U.S. economy in 2026-Q3, rebounding from the +4.0% annualized growth it forecast a week earlier. AlexSecret/iStock via Getty Images The S&P 500 ( SPX ) closed the trading week ending Friday, 28 August 2026, at 7,711.76 , up 0.4% from where it closed out the preceding week. The biggest market-moving event of the week came on Friday, as This article was written by Ironman at Political Calculations 3.48K Followers Follow Ironman is the alias of the blogger at Political Calculations, a site that develops, applies and presents both established and cutting edge theory to the topics of investing, business and economics. We should acknowledge that Ironman is either formerly or currently, and quite possibly, simultaneously employed as some kind of engineer, researcher, analyst, rocket scientist, editor and perhaps as a teacher of some kind or another. The scary thing is that's not even close to being a full list of Ironman's professions and we should potentially acknowledge that Ironman may or may not be one person. We'll leave it to our readers to sort out which Ironman might behind any of the posts that do appear here or comments that appear elsewhere on the web!