Key data releases this week include: FHFA house price index (Tue), new home sales (Wed), existing home sales (Thu), durable goods orders (Fri), Jackson Hole Economic Policy Symposium (Fri).
CNBC
August 16, 2017
The Wall Street Journal
Wednesday, August 16, 2017
A conflict is developing among Federal Reserve policymakers over the timing of future interest-rate increases, minutes of the last Federal Open Market Committee meeting show. One group expressed concern about a decline in inflation, while others warned of the dangers of further delaying rate increases.
Reuters
August 14, 2017
Treasury yields rose after Federal Reserve Bank of New York President William Dudley said he favors another interest-rate increase this year if economic improvement appears. The Fed balance sheet likely will fall to between $2.5 trillion and $3.5 trillion five years after shrinkage starts, he said.
Haver
August 14, 2017
The consumer rediscovered the spending spirit last month. Total retail sales and spending at restaurants increased 0.6% (3.6% y/y) during July following a 0.3% June rise, revised from -0.2%. It was the largest increase this year. A 0.4% increase had been expected in the Action Economics Forecast Survey.
Financial Times
August 20, 2017
The European Central Bank may have to taper its bond-buying efforts next year regardless of its inflation target as available bonds in the eurozone start to run low.
Bloomberg
August 16, 2017
The Telegraph
Wednesday, August 16, 2017
Second-quarter figures show euro-area economic growth is gathering momentum, with a 0.6% overall gain and several EU member states reporting an upturn in key performance indicators. Germany's figures show continued growth, while Spain recorded its best economic performance in two years, and France, Italy and the Netherlands also enjoyed steady improvements.
Bloomberg
August 15, 2017
Financial Times
Tuesday, August 15, 2017
China's annual economic growth will average 6.4% between 2018 and 2020, up from a previous estimate of 6%, the International Monetary Fund said. The growth is mostly driven by unchecked levels of debt the government has yet to fully address, the agency says.
Barron’s
August 21, 2017
Through July 31, the annualized pace of new regulations was 61,330 pages, down sharply from nearly 97,000 in 2016. At that rate, this year will see the biggest decline in regulatory actions since the Federal Register was introduced in 1936.
Barron’s
August 21, 2017
Congress has a grand total of 12 working days in September to work out details for a 2018 budget and to raise the debt ceiling, a formidable task even in less interesting times.
IBD
August 21, 2017
An accurate picture of a nation’s true financial health can be found in the ratio of government debt to the actual tax revenue collected, as this provides a clear picture of the country’s debt burden and capacity to pay. On that basis, the U.S. is now the second weakest among the OECD nations, even ranking below Greece, Portugal, Spain and Italy, and exceeded only by Japan.

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