Economic Indicators 

Next week's economics: 29 July - 2 August

Chris Dillow

Chris Dillow
Next week's economics: 29 July - 2 August

The Federal Reserve is expected to cut the Fed funds rate by a quarter of a point next week, despite the fact that the US economy is doing well. Friday’s employment report could show that another 200,000 jobs were created in July and that unemployment is near a 50-year low. The Conference Board is likely to say that consumer confidence, while off its recent peak, is still near an 18-year high. The S&P is likely to say that house prices are now rising, having sagged until the spring. And the Institute for Supply Management (ISM) is expected to say that, although manufacturing growth has slowed recently, the sector is still expanding.

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