The FOMC minutes from the meeting earlier in August are due out and are going to be a key market moving event for today’s session, according to analysts at Danske Bank.
Key Quotes
“As we believe the Fed is on track to deliver two more hikes this year, we are more interested in any discussions on how long to continue shrinking the balance sheet and the future monetary framework.”
“US existing home sales will give more clues as to whether the US housing market is slowing down. Other housing data has pointed to some weakening in Q2, as higher mortgage yields and rising house prices have reduced affordability of houses among US households.”
“The EIA is set publish its weekly oil inventory report today. Yesterday, API reported a 5mb drop in inventories last week.”
Share
