Weekly Outlook: Equities, Oil and FOMC

The week began with equity indexes and oil getting a bounce, but where markets end the week may depend on Wednesday’s FOMC Minutes. In addition, three Federal Reserve officials give speeches this week, which may also shine light on their optimistic outlook from the July FOMC meeting.

 

Economic Calendar

Tuesday

Housing Starts 8:30 AM ET

Consumer Price Index 8:30 AM ET

Atlanta Fed President Dennis Lockhart Speech 12:30 PM ET

Wednesday

FOMC Minutes 2:00 PM ET

Atlanta Fed Business Inflation Expectations 10:00 AM ET

St. Louis Federal Reserve Bank President James Bullard Speech 1:00 PM ET

Thursday 

Philadelphia Fed Business Outlook Survey 8:30 AM ET

San Francisco Federal Reserve Bank President John Williams Speech 4:00 PM ET

 

Links

New highs in equity indexes to begin the week (CNBC)

Saudi Arabia may be interested in stabilizing oil markets (Fuel Fix)

Four upside risks to the U.S. economy (Wall Street Journal)

Global investors are finding it hard to judge economic fundamentals (Quartz)

Tokyo may have found the solution to soaring housing costs (Vox)

The Olympics are wildly expensive for host cities (FiveThirtyEight)

Mexico’s richest man wants a 3-day work week (Bloomberg Businessweek)

 

 

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