The week of October 6-10 will see a light week of economic data that will be dominated by the Tuesday FOMC minutes from the September 16 meeting and Fed Chair Ben Bernanke speech that same day. Other data to be released during the week will be the Wednesday pending home sales report for August and the weekly initial claims data on Thursday. The week will close with the publication of the August trade balance and the September import price estimate. Depending on events over the weekend out of the US Congress and perhaps the Fed, the market conditions may see a bit of volatility during the early part of next week over economic concerns and redemptions in the hedge fund community.Safe Haven | Merk Economic Calendar: Week Ahead in U.S. Financial Markets (October 6-10 2008)
Fed TalkAfter another earth shaking week in the global markets, market participants will be observing comments from a variety of current and former members of the Federal Reserve System that will be speaking during the upcoming week. The major event looks to be the 7 October speech by Fed Chair Bernanke, topic TBA at 12:30 EDT. Monday will see former US Fed Chair Paul Volker and former Fed Vice-Chair Roger Ferguson address the topic of global financial supervision in the global marketplace. Chicago FRB President Evans will address productivity trends in the manufacturing industry, also on Monday. Minneapolis FRB President Stern will speak on the "Repercussions from the Financial Shock" on Tuesday.
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