Morning, Traders!
It is Tuesday the 15th of August, and here are some things to look out for today.
Sentiment
The dollar remained stable, while Treasury yields increased. The pound rose on stronger-than-expected wage growth data in the United Kingdom before paring some gains. An upcoming data release on US retail sales trends is also in the spotlight.
As the Federal Reserve nears the end of its tightening campaign, the debate is shifting from how high-interest rates should go to how long they should remain elevated.
Treasury Secretary Janet Yellen called China's economic woes a "risk factor" for the US, but she remains optimistic about the American economy.
Docket
08:30 AM ET
US Retail Sales for July
MoM - Median Forecast: 0.4% | Prior: 0.2% | Range: 0.8% / 0.1%
Core MoM - Median Forecast: 0.4% | Prior: 0.2% | Range: 1.0% / 0.1%
Canadian CPI for July
YoY - Median Forecast: 3% | Prior: 2.8% | Range: 3.2% / 2.9%
MoM - Median Forecast: 0.3% | Prior: 0.1% | Range: 0.4% / 0.2%
NY Fed Manufacturing for August
Median Forecast: -1 | Prior: 1.1 | Range: 6.4 / -7.3
US Import Prices MoM for July
Median Forecast: 0.2% | Prior: -0.2% | Range: 0.6% / 0.1%
10:00 AM ET
US Business Inventories
Median Forecast: 0.1% | Prior: 0.2% | Range: 0.3% / 0%
US NAHB Housing Market Index
Median Forecast: 56 | Prior: 56 | Range: 60 / 54
Speakers
11:00 AM ET
Fed's Kashkari participates in a moderated conversation at API’s annual global controllers conference.
Livestream: https://www.minneapolisfed.org/live
Text: No
Q&A: With Audience
Good luck!