Fed Chair Powell testifies on the Semiannual Monetary Policy Report to Congress.
—– Monday, July 8th —–
No major economic releases scheduled.
—– Tuesday, July 9th —–
6:00 AM ET: NFIB Small Business Optimism Index for June.
10:00 AM: Testimony, Fed Chair Jerome Powell, Semiannual Monetary Policy Report to Congress, Before the U.S. Senate Committee on Banking, Housing, and Urban Affairs
—– Wednesday, July 10th —–
7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.
10:00 AM: Testimony, Fed Chair Jerome Powell, Semiannual Monetary Policy Report to Congress, Before the U.S. House Financial Services Committee
2:00 PM: the Federal Reserve Beige Book, an informal review by the Federal Reserve Banks of current economic conditions in their Districts.
—– Thursday, July 11th —–
8:30 AM: The Consumer Price Index for June from the BLS. The consensus is for a 0.1% increase in CPI, and a 0.2% increase in core CPI. The consensus is for CPI to be up 3.1% year-over-year and core CPI to be up 3.4% YoY.
8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for 228 thousand initial claims, down from 233 thousand last week.
—– Friday, July 12th —–
8:30 AM: The Producer Price Index for June from the BLS. The consensus is for a 0.1% increase in PPI, and a 0.2% increase in core PPI.
10:00 AM: University of Michigan’s Consumer sentiment index (Preliminary for July).