2017 Economic Calendar
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Market Reflections  

Highlights
August 11, 2017
Consumer prices remain very weak, rising only 0.1 percent in July for both the total reading and the core with year-on-year rates also below expectations at only 1.7 percent for each. Lack of inflation, due in part to low wages, is not turning up the heat for the Federal Reserve to begin tapering down its massive holdings of bonds.

Tension between the US and North Korea, though palpable, did not intensify further during the session, giving stocks their first boost in 3 sessions. The Dow posted a fractional gain to 21,858 and trimmed its weekly loss to 1.1 percent. Demand for bonds was very strong all week with both the 2- and 10-year Treasury yields falling 7 basis points, to 1.28 and 2.19 percent respectively. Gold rose 2.7 percent on the week to $1,296 for a year-to-date gain of 12.5 percent.


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