United States

Hints of a rate hike as well as plenty of first-tier data to mull over

WEEKLY MARKET COMMENTARY  | 

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Investors will be mulling over the broad hint given by Federal Reserve Chair Janet Yellen at the symposium on monetary policy this past weekend in Jackson Hole, Wyoming that a rate hike is possible before the end of the year. Given the data-dependent stance of the central bank and the heavy slate of first-tier data in the U.S., conditions are ripe for volatility across asset classes this week due to thin markets that traditionally accompany the summer holiday in late August.

This week investors will get fresh data on the condition of the consumer, auto sales, inflation, housing, manufacturing and employment conditions in the U.S. On the global front, investors will get a look at the Japanese jobless, Canadian gross domestic product, euro area unemployment and Chinese manufacturing data to round out the week.

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