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Overview: Wed, August 23

Daily Agenda

Time Indicator/Event Comment
07:00MBA mortgage prch. indexFlat to slightly higher in latest week
09:05Kaplan (FOMC voter)At oil group luncheon
09:45Markit mfg PMI (flash)
09:45Markit services PMI (flash)
10:00New home salesSteady in July?
11:302-yr FRN (r) auctionAn unchanged $13 billion offering

US Economy

Federal Reserve and the Overnight Market

Treasury Finance

This Week's MMO

  • MMO for August 21, 2017

    Chair Yellen’s Jackson Hole speech on financial stability on Friday will be closely watched for signs that the Fed might be willing to look beyond short-run trends in the growth and inflation data in deciding whether to tighten again later this year.  Separately, this week’s newsletter also includes a couple of quick comments about the July money fund data from the OFR.  The data continue to show hints of a mild rebound in window-dressing by domestic dealers, and also show a small pickup in centrally-cleared sponsored repo.

MMO Analysis