US: Focus on Fed speak – TDS

Markets will focus on a trio of Fed speakers amid a quiet day for data, suggests the analysis team at TDS.

Key Quotes

“Governor Brainard will speak about regulatory reform at 8:00 ETand Governor Quarles is scheduled to testify before the Senate at 9:30 ET. Cleveland Fed President Mester (2018 voter) will deliver an economic outlook after the North American close at 18:45 ET.”

“Looking to the data, the market expects the Philadelphia Fed Index to edge lower to 21.0 from 22.3; initial jobless claims are the only other release and consensus is calling for 230k, little changed from the prior week.”