Sunday, June 05, 2016

Monday: Yellen

by Bill McBride on 6/05/2016 07:10:00 PM

Fed Chair Janet Yellen will speak on Monday at 12:30 PM ET. The speech may be viewed here live.  This will be a key speech following the disappointing jobs report on Friday.

Monday:
• At 10:00 AM ET, The Fed will release the monthly Labor Market Conditions Index (LMCI).

• At 12:30 PM ET, Speech by Fed Chair Janet Yellen, Economic Outlook and Monetary Policy, To the World Affairs Council of Philadelphia, Philadelphia, Pa.

Weekend:
Schedule for Week of June 5, 2016

From CNBC: Pre-Market Data and Bloomberg futures: S&P and DOW futures are up slightly (fair value).

Oil prices were down over the last week with WTI futures at $48.89 per barrel and Brent at $49.64 per barrel.  A year ago, WTI was at $59, and Brent was at $60 - so prices are down almost 20% year-over-year.

Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $2.36 per gallon (down about $0.40 per gallon from a year ago).