US Wholesale Inventories Might Rise By This Much In August, Here Are The Major Macro Issues For Wednesday

US Wholesale Inventories Might Rise By This Much In August, Here Are The Major Macro Issues For Wednesday

U.S. stocks closed mixed on Tuesday with the Nasdaq Composite gaining 0.25% amid a rise in Apple Inc. AAPL shares.

Let’s have a look at the major economic events scheduled for today.

  • The MBA's index of mortgage application activity for the latest week is scheduled for release at 7:00 a.m. ET.
  • Data on international trade in goods for August will be released at 8:30 a.m. ET. The US goods deficit is likely to narrow to $88.7 billion in August from $90.2 billion in the previous month.
  • Data on wholesale inventories for August will be released at 8:30 a.m. ET. Analysts expect wholesale inventories rising 0.4% in the advance report for August compared to a 0.6% increase in July.
  • Federal Reserve Bank of Atlanta President Raphael Bostic is set to speak at 8:35 a.m. ET.
  • The pending home sales index for August is scheduled for release at 10:00 a.m. ET. Pending home sales are expected to drop 0.8% in August.
  • The State Street Investor Confidence Index for September is scheduled for release at 10:00 a.m. ET.
  • Federal Reserve Bank of St. Louis President James Bullard will speak at 10:10 a.m. ET.
  • Federal Reserve Chair Jerome Powell is set to speak at 10:15 a.m. ET.
  • The Energy Information Administration’s weekly report on petroleum inventories in the U.S. will be released at 10:30 a.m. ET.
  • Federal Reserve Governor Michelle Bowman will speak at 11:00 a.m. ET.
  • The survey of business uncertainty report for September is scheduled for release at 11:00 a.m. ET.
  • The Treasury is set to auction 7-year notes at 1:00 p.m. ET.
  • Federal Reserve Bank of Chicago President Charles Evans is set to speak at 2:00 p.m. ET.


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