Good Morning Traders!
It is Thursday 13th of July, here are some things to look out for.
Sentiment
Conflicting goals on climate, job creation, and equity may jeopardize the effectiveness of President Joe Biden's key policies.
Senator Elizabeth Warren has urged the Federal Reserve to stop raising interest rates as the US inflation rate has fallen to a more than two-year low.
According to economists, June is likely to be the last month in which producer prices rise year on year, as they have since August 2020.
Docket
08:30 AM ET
OPEC Monthly Report
US Initial Jobless Claims - Median Forecast 250K | Prior 248K | Range 300K/235K
US PPI YoY - Median Forecast 0.4% | Prior 1.1% | Range 0.5%/0.2%
US PPI MoM - Median Forecast 0.2% | Prior -0.3% | Range 0.4%/-0.1%
11:30 AM ET
US sells $70 bln of 4-Week Bills
13:00 PM ET
US sells $18 bln of 30-Year Bonds
Speakers
11:10 AM ET
Fed's Daly Speaks - Speaking in an interview on CNBC
