It is the unofficial end of summer with Labor Day on Monday. Markets are closed so it will be a holiday shortened week on Wall Street. It will also be a light week on the economic calendar.
On Tuesday, we will get the latest reading on factory orders.
On Wednesday, we’ll get data on the services sector, the trade deficit, and the Fed’s Beige Book.
Thursday, we will get the weekly look at jobless claims. And it’s also a very busy day for Fed Speak. Austan Goolsbee, Patrick Harker, Lorie Logan, Raphael Bostic, and John Williams are all scheduled for speeches that day.
British finance minister Jeremy Hunt said on Saturday inflation was on track to halve by the end of 2023, vowing to focus on the goal as he laid out his priorities ahead of the reopening of parliament after the summer break.
Britain’s inflation rate is forecast to fall to about 5% by the end of the year – half January’s level – and meeting the target would mean one of the five key pledges Prime Minister Rishi Sunak made to voters for 2023 would be met.
Hunt’s continued focus on inflation will disappoint some lawmakers from within the ruling Conservative Party who have called for tax cuts before the election, angry that British tax revenues are the highest as a share of the economy since the 1940s.
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Предупреждение о риске: наши объекты трейдинга торгуются на маржине и имеют высокий составляющий уровень риска, включая возможность утраты всего вашего капитала. Данные объекты могут являться не подходящими для вас , и вы должны убедиться, что понимаете все риски. Полное раскрытие.
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