On Thursday the Census Department released its first Advance Economic Indicators Report. The new report adds wholesale and retail inventories to its existing International Trade in Goods report.
The Fed came, they saw, and they punted. Or, at least they tried to punt. The Federal Open Market Committee (FOMC) released its statement, which made the case for a rate hike if its key mandates were the only factors.
The Federal Reserve left interest rates on hold earlier this week following its July meeting. The Feds assessment of the economy was upgraded from the prior month, but not enough to warrant a rate hike or to strongly signal that one was coming at the September meeting.
For investors, the big question is, which candidate would be better for the stock market and the economy?