Monday 17

Empire State Manufacturing Survey-monthly survey of manufacturers in New York State.Consensus20

3 Month & 6 Month Bill Auction

Tuesday 18

FOMC Monetary Policy Announcement Consensus 4.75%    50 basis point cut

Housing Market Index-Produced by the National Association of Home Builders.  This is a survey which is filled out by the members of this organization and it gives their opinion of the general state of the housing market and the economy.

Producer Price Index  PPI Consensus Forecast for August 07: -.3% percent

State Street Investor Confidence Index Measures actual levels of risk in investor portfolio.

Treasury Int'l Capital-measures foreign demand for our debt and assets by tracking flows of financial instruments into and out of the U.S. 

ICSC-USB Store Sales  Tracks comparable weekly sales from major retail chains and represents 10% of total retail sales.  Is considered to be one of the most timely indicators of consumer spending.

Redbook a timely indicator of consumer spending and also represents about 10% of total retail sales.  This measure tracks weekly sales from discounters, chain and department stores.

4 Week bill Auction

Wednesday 19

Housing Starts Consensus 1.360M  Starts dropped in July by a revised 6.1% 

CPI-Consumer Price Index- Consensus 0.0% measures average price of a fixed set of goods and services used by consumers.

MBA Purchase Applications measures applications at mortgage lenders.  This is considered a leading indicator for single family home sales and housing construction.

EIA Petroleum Status Report reports on crude oil inventories in the U.S.

Thursday 20

Leading Indicators-Consensus -.3% -Report looks at ten different sources that are supposed to indicate overall economic activity.  This figure tends to be revised after the fact and does not do a great job of predicting downturns or upturns.

Jobless Claims Unemployment claims. Consensus 320k

EIA Natural Gas Report-Tracks natural gas inventories.

Philidelphia Fed Survey- Consensus 4.0...the lower the number indicates a slower growth rate for manufacturing.

3 , 6 month Treasury Bill Annoucement  Investors use this data to attempt to predict future Federal Reserve policy.

Money Supply

Friday 21

Quadruple Witching!

This week is all about the Fed and whether they will cut interest rates by 1/4 or 1/2 percent.  It's not as easy as it looks, as the Fed will have to juggle concerns of a weak dollar, inflation and a weak economy into their decision. 

Some very interesting reports due out this week, so we'll see what happens next! 

Have a great week!

Remember to click on the links for more information on each report.

My website is under construction, but come visit me at anaconnell.com!