Improved consumer spending and capital expenditures likely boost GDP
WEEKLY MARKET COMMENTARY |
The upcoming week in U.S. financial markets will feature 11 Federal Reserve (Fed) speakers with the most significant being New York Fed President William Dudley on Monday, Sept. 25 and Fed Chair Janet Yellen on Tuesday, Sept. 26. Given that the Fed has embarked on its long awaited balance sheet normalization, there is plenty to discuss for the central bank which has signaled one more rate hike of 25-basis points this year, most likely in December.
Economic data will feature updated information on consumer confidence, housing, growth, income and spending as well as the weekly jobless claims data. The U.S. Treasury will float $26 billion in two-year notes on Tuesday, Sept. 26, $13 billion in two-year floating notes and $34 billion in five-year notes on Wednesday, Sept. 27, and $28 billion in seven-year notes on Thursday, Sept. 28.