Key Economic Reports

There are a few economic reports I want to highlight.

This morning, we learned that the ISM index fell to 58.1 last month. That’s still a very good reading.

Construction spending fell 1.1% last month.

Consumer confidence rose a bit in July.

This morning’s ADP report showed an increase of 219,000 private sector jobs. The official government report comes out on Friday.

Yesterday’s report on personal income and spending showed a 0.4% increase for both during June.

The Fed’s statement is due out at 2 pm today. The futures market currently pegs the odds of a rate hike today at 1.3%. For the next meeting in September, the odds are at 91.4%.

Posted by on August 1st, 2018 at 11:39 am


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