Another round of Fed friendly data coming out of Friday. This week decisions from the Fed and BOJ. The stage:

July 31st: The FOMC. We will join Fox Business Network Maria Bartiromo to preview. “Moving closer theme”.

August 2nd: Important employment reading. Eye on revisions, the UR, and wages.

August 14th: In a pocket for continued friendly inflation data.

August 21st: Preliminary Benchmark Revisions to the Establishment Survey.

August 22-24: The Jackson Hole Confab.

There is little reason for Chair Powell to give the store away this week but a clear shift to the employment side of the Fed’s mandate, coupled with good signals from other committee members, have markets pricing for rate cuts to come. But with the election outcomes uncertain and attention to the spending side a cautious approach is warranted.

Get your updates each week with Gregory (Greg) Faranello, CFA, Head of US Rates at AmeriVet Securities, Inc..