Monday, August 06, 2012

Tuesday: JOLTs, Bernanke

by Calculated Risk on 8/06/2012 09:25:00 PM

Fed Chairman Ben Bernanke will take questions on Tuesday, and his comments will be closely scrutinized for hints about QE3.

• On Tuesday, at 10:00 AM ET, the Job Openings and Labor Turnover Survey for June will be released by the BLS. The number of job openings has generally been trending up for the last three years. "Quits" have been increasing too - quits are frequently a sign of more confidence in the labor market.

• Also at 10:00 AM, the Trulia house asking Price Monitor for July will be released. This monitor is based on asking prices and is adjusted for seasonality and mix. This is a leading indicator for the repeat sales indexes. This monitor has been showing rising prices and will probably show another increase in July.

• At 2:30 PM, Fed Chairman Ben Bernanke will speaks at "A Teacher Town Hall Meeting". The event will be broadcast live and the Q&A might provide hints about QE3. The Twitter discussion is at hashtag: #FedTownHall

• At 3:00 PM, Consumer Credit for July will be released. The consensus is for credit to increase $10.5 billion.