Investors will pay close attention on Wednesday to the release of minutes from the Federal Reserve’s July 26-27th policy meeting for more clues about when policymakers at the Fed may decide to raise interest rates.
The release of the July Fed minutes is expected to provide further clarity about how policymakers at the Fed are viewing economic conditions and global risks measured against its own monetary policy.
Towards the end of next week, Fed Chair Janet Yellen will be giving a speech at the Economic Policy Symposium in Jackson Hole, Wyoming from August 25-27th that will allow economists and investors to gain more insight about how many interest rate hikes will likely occur in 2016.
Besides the release of the July Fed minutes on Wednesday, another U.S. inflation reading will come in focus on Tuesday with consumer price index (CPI) for July.
Full U.S. Economic Calendar
Monday- Empire Manufacturing (Aug), NAHB Housing Index (Aug.), Net Long Term TIC flows
Tuesday- CPI inflation (July), Building Permits and Housing Starts (July), Capacity Utilization and Industrial Production (July)
Wednesday- FOMC minutes (July 26-27 FOMC meeting), MBA Mortgage Index, Crude Inventories
Thursday- Initial and Continuing Job Claims, Philadelphia Fed (August), Leading Indicators (July), Natural Gas Inventories.