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Overview: Tue, August 22

Daily Agenda

Time Indicator/Event Comment
09:00FHFA house price indexAnother solid increase in June
10:00Richmond Fed indexDown a little in August, but still solid
11:304-week bill auction$30 billion offering
14:00Fed disc rate minutesTwo or three regional Feds may have called for a rate hike in July
15:00Treasury investor class auction dataMid-August data

US Economy

Federal Reserve and the Overnight Market

Treasury Finance

This Week's MMO

  • MMO for August 21, 2017

    Chair Yellen’s Jackson Hole speech on financial stability on Friday will be closely watched for signs that the Fed might be willing to look beyond short-run trends in the growth and inflation data in deciding whether to tighten again later this year.  Separately, this week’s newsletter also includes a couple of quick comments about the July money fund data from the OFR.  The data continue to show hints of a mild rebound in window-dressing by domestic dealers, and also show a small pickup in centrally-cleared sponsored repo.

MMO Analysis