Bonds, Gold Punish Warsh's Non-Hike

Housekeeping: Good Morning

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Featured Analysis:

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In Other News:

Will The Fed Hike and Dump Gold Today?

Founders AM: Goldman Thinks No Hike

BMO: China’s Gold Stockpile Could Overtake U.S. Within Five Years

Why Did Laopu Gold Stock Crash?

GoldFix PM: Gold Rallies $46 on No Hike

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Data on Deck: FOMC

MONDAY, JULY 27

• 8:30a Durable-goods orders (June) (prev -4.0% → est 2.1% → act 0.3%)

• 8:30a Durable-goods minus transportation (June) (prev 1.8% → act 0.6%)

TUESDAY, JULY 28

• 8:30a Advanced retail inventories (June) (prev 0.5% → act 0.0%)

• 9a S&P Case-Shiller home price index (20 cities) (May) (prev 1.2% → est 1.3% → act 1.6%)

• 10a Consumer confidence (July) (prev 92.2 → est 92.0 → act 90.8)

WEDNESDAY, JULY 29

• 2p FOMC interest-rate decision

• 2:30p Fed Chair Warsh press conference

THURSDAY, JULY 30

• 8:30a Initial jobless claims (July 25) (prev 187,000 → est 200,000)

• 8:30a GDP (Q2) (prev 2.1% → est 1.8%)

• 8:30a Personal income (June) (prev 0.7% → est 0.3%)

• 8:30a Personal spending (June) (prev 0.3% → est 0.3%)

• 8:30a PCE index (June) (prev 0.4% → est -0.1%)

• 8:30a PCE (year-over-year) (prev 4.1% → est 3.7%)

• 8:30a Core PCE index (June) (prev 0.3% → est 0.2%)

• 8:30a Core PCE (year-over-year) (prev 3.4% → est 3.3%)

FRIDAY, JULY 31

• 8:30a Employment cost index (Q2) (prev 0.9% → est 0.8%)

• 9:45a Chicago Business Barometer (PMI) (July) (prev 56.7 → est 55.7)

• 10a Consumer sentiment (final) (July) (prev 54.4 → est 54.0)

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