The Purchasing Managers Index data for July will be released in the morning. Economists expect services PMI to fall to 54.8 and manufacturing PMI to rise to 51.7. New home sales numbers for June will also be released and are expected to rise to 640,000.
Taking a look at the economy amongst the purchasing managers index data or PM I for July is coming out in the morning. Economists expected services PM I to tick down to below 55 while manufacturing PM I holds relatively steady and moving over to housing new home sales numbers uh for June are also out in the morning that now expected to increase to 644,000.And finally, we're getting some commentary from fed Governor Michelle Bowman in the afternoon is coming after comments from fed President John Williams on Friday saying that long term trends still back a low neutral rate.
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