Treasury optimistic about a soft landing for the economy
The Dow traded up this morning, partly in response to Treasury Secretary Janet Yellen’s remarks over the weekend that the U.S. seems on track to bring inflation down without an undue adverse effect on jobs.
Rates are up relative to Friday morning, but most of the increase occurred midday Friday.
Growth in consumer credit outstanding slowed in July
Consumer credit grew only $10.399 billion in July, down from $14.016 billion in June. There was a $9.7 billion increase in revolving debt and a $0.7 billion increase in non-revolving debt.
Wednesday, Sept. 13
Consumer Price Index
Monthly Budget Statement
Thursday, Sept. 14
Producer Price Index
Advance Retail Sales
Weekly Initial Jobless Claims
Friday, Sept. 15
Import Price Index
Empire State Manufacturing Survey
Industrial Production/Capacity Utilization
University of Michigan Consumer Sentiment
Monday, Sept. 11
$44 billion auction of three-year Treasury notes
Tuesday, Sept. 12
$35 billion auction of 10-year Treasury notes
Wednesday, Sept. 13
$20 billion auction of 30-year Treasury bonds
By Mike Kraft, Executive Director and Commercial Real Estate Treasurer for Commercial Banking
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