by Calculated Risk on 9/03/2022 08:11:00 AM

This will be a light week for economic data.

----- Monday, Sept 5th -----
All US markets will be closed in observance of the Labor Day holiday.

----- Tuesday, Sept 6th -----
8:00 AM ET: Corelogic House Price index for July

10:00 AM: the ISM Services Index for August.   The consensus is for a reading of 55.5, down from 56.7.

----- Wednesday, Sept 7th -----
7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.

8:30 AM: Trade Balance report for July from the Census Bureau.

This graph shows the U.S. trade deficit, with and without petroleum, through the most recent report. The blue line is the total deficit, and the black line is the petroleum deficit, and the red line is the trade deficit ex-petroleum products.

The consensus is for the U.S. trade deficit to be $70.5 billion in July, from $79.6 billion in June.

At 12:35 PM: Speech, Fed Vice Chair Brainard, Economic Outlook and Monetary Policy, At The Clearing House and Bank Policy Institute Annual Conference, New York, N.Y.

2:00 PM: the Federal Reserve Beige Book, an informal review by the Federal Reserve Banks of current economic conditions in their Districts.

----- Thursday, Sept 8th -----
8:30 AM: The initial weekly unemployment claims report will be released.  The consensus is for an increase to 240 thousand from 232 thousand last week.

9:10AM: Discussion, Fed Chair Powell, At the Cato Institute’s 40th Annual Monetary Conference

----- Friday, Sept 9th -----
12:00 PM: Q2 Flow of Funds Accounts of the United States from the Federal Reserve.