Overview: Thu, July 28

Time Indicator/Event Comment
08:30Advance international tradeAdvance trade report will also include inventory data this month
08:30Jobless claimsUp due to calendar effects
11:003- and 6-month bill announcementExpected to be unchanged at $37 billion and $32 billion
11:00Kansas City Fed indexModerately positive again in July?
13:007-yr note auctionUnchanged at $28 billion

US Economy

  • Economic Indicator Preview for Thursday, July 28, 2016

    The Commerce Department’s new advance economic indicators report debuts at 8:30, with advance estimates of the goods deficit as well as wholesale and retail inventories for June.  Also on tap are the weekly jobless claims report at 8:30 and the Kansas City Fed’s July factory survey at 11:00.

Federal Reserve and the Overnight Market

Treasury Finance

This Week's MMO

  • MMO for July 25, 2016

    While the FOMC won’t raise rates at its July meeting, the economic data due out at the end of this week should bolster the case for a rate hike at the next meeting in September.  The year-over-year growth rate of the ECI should improve, and GDP should be strong enough on the surface to meet the FOMC’s growth requirements.  This week’s calendar also includes new “advance” estimates of business inventories that are designed to take a little of the guesswork out of the initial GDP report for each quarter.

Federal Reserve Commentary

MMO Analysis