by Calculated Risk on 7/31/2022 09:02:00 PM
o Schedule for Week of July 31, 2022
o (likely, might be Tuesday) At 8:00 AM ET, Corelogic House Price index for June
o 10:00 AM, ISM Manufacturing Index for July. The consensus is for the ISM to be at 52.0, down from 53.0 in June.
o 10:00 AM, Construction Spending for June. The consensus is for a 0.2% increase in construction spending.
o 2:00 PM, Senior Loan Officer Opinion Survey on Bank Lending Practices for July.
Oil prices were mixed over the last week with WTI futures at $98.62 per barrel and Brent at $103.97 per barrel. A year ago, WTI was at $74, and Brent was at $78 – so WTI oil prices are up 33% year-over-year.
Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $4.18 per gallon. A year ago, prices were at $3.16 per gallon, so gasoline prices are up $1.02 per gallon year-over-year.