US money markets are currently pricing in about a 44% probability of a Federal Reserve rate hike in September, according to LSEG data. Investors will also receive July retail sales data on Friday, which will offer an important indication of the strength of consumer spending.
On the corporate earnings front, several notable companies are scheduled to report their quarterly results. The US Treasury will also be active in the bond market. August 12 (Wednesday): Reports on Consumer Price Index (CPI) for July and monthly Treasury balance for July will be released.
US Stock Market Last WeekUS equities surged and bond yields dropped on Friday following official data revealing a surprising loss of 23,000 jobs last month. 64. 93. 6%. 90 points, or 3%. 2%.