ECONOMIC CALENDAR:Tuesday: Retail Sales, Import and Export Prices, Business Inventories Wednesday: PPI-FD, Empire State Manufacturing Survey, Industrial Production, EIA Petroleum Status Report, FOMC Meeting Announcement, FOMC Forecasts, Fed Chair Press Conference 2:30 PM ET, Treasury International Capital Thursday: Consumer Price Index, Jobless Claims, Philadelphia Fed Business Outlook Survey, Housing Market Index Friday: Housing Starts
- Consumer sentiment slips in June. A measure of how Americans are feeling about the economy and their prospects fell slightly even though Americans are feeling the benefit of higher wages.
- Jobless claims fall unexpectedly. The number of Americans filing new claims for unemployment benefits fell last week, suggesting strength in the labor market after May’s weak hiring.
- Employers announce most job openings in nine months. Though employers are posting record job openings, they are holding back on filing them, suggesting businesses may have concerns about economic growth.
- Personal spending surges in April. Though the world is still gripped in an oil-supply slump, supply disruptions in several oil-producing nations gave oil prices a recent boost.
Quote Of The Week
“To handle yourself, use your head; to handle others, use your heart.” – Eleanor Roosevelt