ECONOMIC CALENDAR:Monday: Empire State Manufacturing Survey, Housing Market Index, Treasury International Capital Tuesday: Consumer Price Index, Housing Starts, Industrial Production Wednesday: EIA Petroleum Status Report, FOMC Minutes Thursday: Jobless Claims, Philadelphia Fed Business Outlook Survey
- Consumer sentiment increases in August. A measure of American optimism about the economy increased this month, hopefully supporting future consumer spending.
- Retail sales remain flat in July. Sales of retail goods remained surprisingly unchanged last month as Americans cut back on purchases, moderating expectations of a surge in consumer spending this quarter.
- Business inventories rise slightly in June. Business stockpiles edged higher in June as sales surged, suggesting U.S. firms are having an easier time moving products off shelves.
- Job openings edge higher in June. The number of available jobs rose slightly over May, suggesting moderate growth. An increased number of factory job postings could indicate movement in the manufacturing sector.
Quote Of The Week
“Life will always be to a large extent what we ourselves make it.” – Samuel Smiles