Action-packed week with Chair Powell’s semiannual testimony, CPI, PPI, Claims, long end US Treasury supply, and the continued evolution of the events around the election. And the beginning of earnings season. The data in the United States has clearly slowed and with softer inflation in tow. Yet, it will take more time for the Fed to feel comfortable to lower rates. But a few further months of Fed friendly data on both the employment and inflation side and September will be in a position for a live meeting.

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