By Scott J. Brown, Ph.D., Raymond James
In Review – Brief summaries of key elements in the economic outlook.
This Week – In his July 29 press conference, Chair Powell noted that officials resumed their review of the Fed’s monetary policy goals and strategies. The minutes of the FOMC meeting should include details of that discussion, and we may hear more from Powell later this month. The economic data is not expected to be market-moving, although investors will continue to focus on the weekly jobless claims figure, which should continue to trend lower (amplified by the seasonal adjustment).