12 September 2016 at 1:15 GMT
August retail sales could answer a lot of questions for markets – but more important will be a flurry of Federal Reserve speakers, writes Patti Domm. At the top of the list is Fed Governor Lael Brainard, who speaks in Chicago today (Monday). After the hawkish comments of Boston Fed President Eric Rosengren on Friday, traders are watching to see if she will stay firmly in the dovish camp, and as for Thursday's retail sales, it is the most important data the Fed will see before it meets on September 20. Many economists have been expecting the Fed will stay on the sidelines at its September meeting, and December is viewed as more likely for the Fed's second rate hike in 10 years.
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