Good Morning Traders!
It is Tuesday 11th of July, here's what to look out for today.
Sentiment
Three Federal Reserve officials said this year's interest rate hikes will be necessary to bring inflation back to the central bank's target.
Last month, the proportion of US small businesses raising prices fell to its lowest level in more than two years, potentially adding another disinflationary force to the economy.
Consumer borrowing in the United States slowed to a more than two-year low in May, marking the first decline in non-revolving credit since the pandemic began.
Americans are cutting back on personal hygiene products, which is a worrying sign for the US economy and consumer-oriented businesses.
The resumption of federal student loan payments this autumn will be a new burden for millions of borrowers and another headwind for a slowing US economy.
Docket
11:30 AM ET
US sells $38 bln of 52-Week Bills
12:00 PM ET
Short Term Energy Outlook Report
13:00 PM ET
US sells $40 bln of 3-Year Notes
Speakers
09:00 AM ET
Fed's Bullard Speaks
Good Luck Today Traders!
