What’s on the calendar today? We start with weekly initial jobless claims at the bottom of the hour. The consensus is 234K from 228K previously. There’s a waiting game about when claims will finally break higher but no one is wagering on exactly when that will come.
After that, it’s all about the talking heads:
- 1300 GMT/ 9:00 am Philadelphia Fed President Patrick Harker speaks
- 1545 / 11:45 am Chicago Fed President Austan Goolsbee speaks
- 1930 / 3:30 pm New York Fed President John Williams speaks as part of a Bloomberg markets forum
- 1945 / 3:45 pm Atlanta Fed President Raphael Bostic speaks on his economic outlook
- 2055 / 4.55 pm Board Governor Bowman speaking
- 2300 / 7 pm Atlanta Fed President Raphael Bostic speaks
- 2305 / 7:05 pm Dallas Fed President Lorie Logan speaks on the economy and monetary policy
We also get Bank of Canada governor Tiff Macklem who will speak at 1715 GMT (1:55 pm ET). That will be an interesting one as the market tries to sort out if the BOC is done or not.
For more, see the economic calendar.