Glad Monday.
The Fed blackout went into impact on Saturday however we did hear from Nick Timiraos, who wrote what everybody already is aware of: {That a} pause is coming in Sept and that some officers see dangers as balanced whereas others are nonetheless hawkish.
I would not count on any of these opinions to shift at present with a near-bare economic calendar. One merchandise of observe is a $44-billion, three-year observe public sale at 1 pm ET. That is forward of a busy week of US provide, together with some company offers that might crowd the house.
One other tidbit to observe would be the NY Fed’s 1-year inflation expectations survey. Probably the most-recent number was 3.5%.
