8:30 AM Jobless Claims
New unemployment claims are compiled weekly to show the number of individuals who filed for unemployment insurance for the first time.
Claims seen at 220K, closer to the 4-week moving average, up from 218K last week.
8:30 AM Productivity and Costs
Productivity measures the growth of labor efficiency in producing the economy's goods and services. Unit labor costs reflect the labor costs of producing each unit of output.
Productivity is seen up 1.9 percent in Q2 at an annual rate versus a decrease of 1.5 percent in Q1. Unit labor costs are seen rising a more trend-like 2.1 percent after 6.6 percent in Q1.
10:00 AM Fed's Bostic Speech
Atlanta Federal Reserve Bank President Raphael Bostic will participate in a moderated conversation with Ira Birns, president and chief financial officer, World Kinect Corporation, during a virtual fireside chat session with the Florida Institute of CFOs on monetary policy.
10:00 AM Wholesale Inventories
Wholesale trade measures the dollar value of sales made and inventories held by merchant wholesalers. It is a component of business sales and inventories.
No revision expected in the revised figure from an increase of 0.2 percent in the flash.
10:30 AM EIA Natural Gas Report
The Energy Information Administration (EIA) provides weekly information on natural gas stocks in underground storage for the U.S. and five regions of the country. The level of inventories helps determine prices for natural gas products.
1:00 PM 30-Yr Bond Auction
The US Treasury Department will hold an auction for $25 billion of 30-year auction.
3:00 PM Consumer Credit
The dollar value of consumer installment credit outstanding. Changes in consumer credit indicate the state of consumer finances and portend future spending patterns.
The consensus sees consumer credit up $7.5 billion in June after a modest $5.1 billion increase in May.
4:30 PM Fed Balance Sheet
The Fed's balance sheet is a weekly report presenting a consolidated balance sheet for all 12 Reserve Banks that lists factors supplying reserves into the banking system and factors absorbing reserves from the system.