Initial jobless claims, and day 2 of Fed Powells testimony

At the bottom of the hours:

  • US CPI for June. MoM 0.0% versus 0.1% last month. YoY .6% versus 1.8%. Ex food and energy MoM 0.2%. YoY 2.0% versus 2.0% last month
  • initial jobless claims estimate 221K, unchanged from last week
  • Canada new housing price index for May 0.1% versus 0.0% last month

At 10 AM ET/1400, Fed's Powell willl take his testimony to the Senate chambers in front of the Senate Banking Committee. The prepared text will likely be the exact same (it always is). He has the opportunity to tweak his testimony from yesterday, but don't expect much change.

Feds Bostic speaks on monetary policy at a fiscal conferenceat 1215 pm ET/1615 GMT

fence parking to speak at Rocky Mountain economic Summit at 12:30 PM ET/1630 GMT

The U.S. Treasury will auction off thirty-year bonds at 1 PM ET/1700 GMT