Weekly Outlook: Oil and Consumer Confidence

Oil markets will remain on watch this week as prices have reached levels not seen in nearly four years. Later in the week, attention turns to the U.S. Consumer Sentiment number, which was flat last month.

Economic Calendar


Atlanta Federal Reserve Bank President Raphael Bostic Speech 12:15 PM ET; Philadelphia Federal Reserve Bank President Patrick Harker Speech 2:15 PM ET; Minneapolis Federal Reserve Bank President Neel Kashkari Speech 5:30 PM ET


FOMC Minutes 2:00 PM ET


New York Federal Reserve Bank President William Dudley Speech 4:15 AM ET; Philadelphia Federal Reserve Bank President Patrick Harker Speech 2:00 PM ET;  Existing Home Sales, 10:00 AM ET


U.S. Consumer Sentiment 10:00 AM ETChicago Federal Reserve Bank President Charles Evans Speech 11:45 AM ET; Atlanta Federal Reserve Bank President Raphael Bostic Speech 11:45 AM ET; Dallas Federal Reserve Bank President Robert Kaplan Speech 11:45 AM ET

Five Stories to Read

The U.S. trade war is “on hold” (Financial Times – paywall)

U.S. bonds paying more than other developed nations for first time in two decades (Wall Street Journal)

More of China’s population is leaving the country (The Economist)

The Midwest is facing a flood-prone future (FiveThirtyEight)

Blockchain solving everyday problems is further away than you think (Businessweek)

OpenMarkets is an online magazine and blog focused on global markets and economic trends. It combines feature articles, news briefs and videos with contributions from leaders in business, finance, economics and politics in an interactive forum designed to foster conversation around the issues and ideas shaping our industry.

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