US: S&P house prices and Conference Board consumer confidence in focus - TDS

Research Team at TDS, suggests that the US data flow is light with S&P house prices and Conference Board consumer confidence.

Key Quotes

“FOMC Vice-Chair Fischer is scheduled to give an interview with Bloomberg and may expand on his hawkish comments from Jackson Hole.

On the data front, Conference Board sentiment is projected to slip lower in August after University of Michigan underwhelmed last week. The consensus is for the index to edge lower from 97.3 to 97.0 while TD looks for a more downbeat 96.1.

Meanwhile, the S&P CS 20-City Index is forecast to post a modest decline in June; TD looks for a 0.2% dip while the market expects -0.1% m/m, which would still leave home prices up 5.1% y/y.”