Dog days of summer mean light data week on tap
WEEKLY MARKET COMMENTARY |
As the end of summer nears the economic data and policy streams traditionally slow. This week will primarily feature fresh looks at retail sales, the labor market, industrial production, wholesale inflation and consumer confidence.
Atlanta Federal Reserve President Dennis Lockhart, who roiled the market this past week when he signaled support for a September rate increase, will speak twice. In a light volume week his remarks hold the potential to move asset markets.
The U.S. Treasury will issue $24 billion of three-year notes on Tuesday, $24 billion in 10-year notes on Wednesday and sell $16 billion in 30-year bonds on Thursday.