Network News

X My Profile
View More Activity





Week ahead: New details on trade

After a busy week of economic data, this one should be quieter, offering the Federal Reserve's compilation of anecdotal information on the job market and new details on trade.

Wednesday

The Fed releases its beige book, an eight-times-a-year assemblage of reports from businesses across the country that is meant to help inform Fed officials as they make monetary policy.

Look for a tone of subdued confidence, evidence that businesses are nervous about the recovery but, nonetheless, seeing continued gradual growth.

Also Wednesday, the Fed is scheduled to release data on consumer credit that analysts expect to show that Americans reduced their non-mortgage debt load, such as credit cards and auto loans, by $4.3 billion in July. That would be steeper than the $1.3 billion decline in June, and a sign that Americans continue making progress reducing their indebtedness.

Thursday

The Commerce Department is expected to report a narrowing of the trade deficit in July, to $47 billion from $49.9 billion in June.

Trade was a major drain on overall growth in the second quarter, on a surprisingly steep rise in imports. The question now is whether that pattern will continue in the third quarter. Thursday's report will be the first piece of evidence.

Friday

Wholesale inventories are forecast to have risen 0.4 percent in July, compared with a 0.1 percent gain in June, as businesses continue to gain confidence and build inventory levels.

By Neil Irwin  |  September 7, 2010; 6:42 AM ET
Categories:  Federal Reserve , Trade  
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   Del.icio.us   StumbleUpon   Technorati   Google Buzz   Previous: Car czar's new tell-all book: Rahm curses UAW
Next: Morning briefing: Japan keeps interests rates stable, U.K. transit workers strike

No comments have been posted to this entry.

Post a Comment

We encourage users to analyze, comment on and even challenge washingtonpost.com's articles, blogs, reviews and multimedia features.

User reviews and comments that include profanity or personal attacks or other inappropriate comments or material will be removed from the site. Additionally, entries that are unsigned or contain "signatures" by someone other than the actual author will be removed. Finally, we will take steps to block users who violate any of our posting standards, terms of use or privacy policies or any other policies governing this site. Please review the full rules governing commentaries and discussions.




characters remaining

 
 
RSS Feed
Subscribe to The Post

© 2010 The Washington Post Company