Another FOMC Week

55
Mon, Jul 26, 2021 - 9:53am

Oh my goodness. Another FOMC week? How could that be? Wasn't there just an FOMC meeting a few weeks ago?

But, yes, there is. It'll be the standard schedule, too, with Fedlines at 2:00 pm ET on Wednesday and then a "press conference" with Chief Goon Powell at 2:30. So what will be said and unsaid? All we can do is guess.

Since the "stock market" has held in OK in the six weeks since the last meeting, it's unlikely that The Goons will change much. The five basis points they added to IOER has certainly spiked the overnight reverse repo volume with last Friday at $877B but...

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Key Economic Events Week of 9/13

9/13 2:00 ET Federal Budget
9/14 8:30 ET CPI
9/15 8:30 ET Import Pice Idx
9/15 8:30 ET Empire State Idx
9/15 9:15 ET Ind Prod and Cap Ute
9/16 8:30 ET Retail Sales
9/16 8:30 ET Philly Fed
9/16 10:00 ET Business Inventories
9/17 10:00 ET UMich Consumer Sentiment

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