Fairly Calm Despite Some Fuel Price Pressure; Warsh on Deck
Fairly Calm Despite Some Fuel Price Pressure; Warsh on Deck
To reiterate a sentiment from this morning, there's a decent amount of focus on Friday's Warsh speech at Jackson Hole simply because it's customary to focus on Fed Chair speeches at Jackson Hole. They're hit and miss in terms of delivering on volatility potential. There's nothing else of note on the econ calendar. With Monday being the last day of the month, we could also see momentum from early month-end trading. Other than that, fuel prices continue to set the tone more often than not. Today was no exception as an early afternoon surge in oil pushed yields to the highs of the day after reports that the White House rejected the idea of rekindling the June MOU/ceasefire.
Fairly Calm Despite Some Fuel Price Pressure
| Time | Event | Period | Actual | Forecast | Prior |
|---|---|---|---|---|---|
| Thursday, Aug 27 | |||||
| 8:30AM | Aug/22 Jobless Claims (k) | Aug/22 | 203K | 208K | 206K |
| 8:30AM | Aug/15 Continued Claims (k) | Aug/15 | 1778K | 1790K | 1799K |
| 1:00PM | 7-Yr Note Auction (bl) | 44 | |||
| 8:00PM | Jackson Hole Symposium | ||||
| Friday, Aug 28 | |||||
| 9:45AM | Aug Chicago PMI | Aug | 57 | 57.6 | |
| 10:00AM | Aug Consumer Sentiment (ip) | Aug | 51.0 | 55.2 | |
| 10:00AM | Aug Sentiment: 1y Inflation (%) | Aug | 4.3% | 4.2% | |
| 10:00AM | Aug U Mich conditions | Aug | 51.8 | 54.8 | |
| 10:00AM | Aug Sentiment: 5y Inflation (%) | Aug | 3.3% | 3.3% | |
| 10:00AM | Non Farm Payrolls Annual Revision (k) | -911K | |||
| 10:00AM | Fed Chair Warsh Speech | ||||
| 8:00PM | Jackson Hole Symposium | ||||