Schedule for Week of August 4, 2024

This will be a light week for economic data.

The key report this week is the June Trade Deficit.

----- Monday, August 5th -----
10:00 AM: the ISM Services Index for July.   The consensus is for a reading of 51.3, up from 48.8.

2:00 PM: Senior Loan Officer Opinion Survey on Bank Lending Practices (SLOOS) for July.

----- Tuesday, August 6th -----
8:30 AM: Trade Balance report for June 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 the trade deficit to be $72.6 billion.  The U.S. trade deficit was at $75.1 Billion the previous month.

11:00 AM: NY Fed: Q2 Quarterly Report on Household Debt and Credit

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

----- Thursday, August 8th -----
8:30 AM: The initial weekly unemployment claims report will be released.  The consensus is for 240 thousand initial claims, down from 249 thousand last week.

----- Friday, August 9th -----
No major economic releases scheduled.