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5 Things to Watch on the Economic Calendar
1. Are Americans Boosting Spending? Thursday, the Commerce Department estimates how much Americans spent at retailers in July. Retail sales have been choppy, with a decline in June following a big pickup in May. Considering that consumer spending reflects more than two-thirds of economic output, the July figure will reflect the economy’s vigor as it began the third quarter. 2. What Say You, Fed Policy Makers? The Fed suggested after its latest policy meeting that a September liftoff for interest rates is still in the cards. Speeches by two members of the Federal Open Market Committee could offer clues about the ... (full story)