Schedule to come
Yellen and Brainard are the strengths of today, but the releases on housing, manufacturing and the consumer to keep markets in motion throughout the day.
There is no data at the usual time at the bottom of the hour, and it’s a slow start to the day, but it begins from there:
- 1300 GMT — S&P Cash-Shiller US house price index. Probably not a market mover, but something to whet the appetite
- 1330 GMT — Fed’s Mester is a moderator on a panel
- 1400 GMT — the housing theme continues with August US sales of new homes. It may be biased by Harvey
- 1400 GMT — the Conference Board’s consumer confidence data will probably be the great at this time. The consensus is a tick lower at 120.00 of 122.9.
- 1400 GMT — Richmond Fed manufacturing expected +13
- 1430 GMT — Fed’s Brainard speaks on the labour market disparities. That sounds like a definite theme to touch on monetary policy, but the work of speech tend to have a more dovish tilt so that it is a risk USD
- 1530 GMT — Fed Bostic speaks in Atlanta. We don’t know much about him, but this can be a good leader
- 1600 GMT — French jobseekers. Probably will not be a euro mover.
- 1645 GMT — Yellen talks about inflation, uncertainty, and monetary policy.
- 17: 00 pm GMT — 2-year note auction
Buckle your seatbelt, it’s going to be busy. There are more details on the economic calendar.