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Overview: Mon, August 29

Time Indicator/Event Comment
08:30Personal consumption
10:30Dallas Fed manufacturing survey
11:004-week bill announcement4th consecutive $55 billion offering expected
11:303- and 6-month bill auctionUnchanged at $40 billion and $34 billion respectively

US Economy

  • Capsule Economic Indicator Summaries for the Week of August, 29, 2016

    The market will face a typical turn-of-the-month burst of economic data this week.  Employment on Friday is the highlight, though a number of other indicators along the way will be of interest, starting with today’s July PCE and PCE price index data and including auto sales and the ISM factory survey on Thursday.

Federal Reserve and the Overnight Market

Treasury Finance

This Week's MMO

  • MMO for August 22, 2016

    If last week’s FOMC minutes are any guide, Chair Yellen may try to strike a generally confident tone in her Jackson Hole remarks on Friday while being noncommittal about the near-term rate hike.  More broadly, we suspect that Fed attendees at Jackson Hole will be noncommittal about this year’s central theme, which is “Designing Resilient Monetary Policy Frameworks for the Future”.  The Fed is quite mindful of the challenges it still faces in laying out an operational roadmap for the post-normalization world, and is in no rush to commit itself prematurely.  This week’s MMO looks at a few of the long-run implementation issues mentioned in last week’s FOMC minutes, and especially the question of finding ways around the stigma problems that afflict the discount window. 

     

Federal Reserve Commentary

MMO Analysis