Chief Economist Scott Brown discusses the latest market data.

Next week, the economic calendar picks up. The Federal Open Market Committee (FOMC) is expected to leave monetary policy unchanged. Officials won’t release revised economic projections until the mid-September FOMC meeting, but Chair Powell will provide an assessment of current economic conditions in his post-meeting press conference. Real GDP is expected to have fallen at a 30-35% annual rate in the advance estimate for 2Q20. This release will include annual benchmark revisions covering the last five years (no changes in methodology).

Indices

 

Last

Last Week

YTD return %

DJIA

26652.33

26734.71

-6.61%

NASDAQ

10461.42

10473.83

16.59%

S&P 500

3235.66

3215.57

0.15%

MSCI EAFE

1875.42

1852.56

-7.93%

Russell 2000

1490.20

1467.56

-10.68%

Consumer Money Rates

 

Last

1 year ago

Prime Rate

3.25

5.50

Fed Funds

0.00

2.40

30-year mortgage

2.87

3.88

Currencies

 

Last

1 year ago

Dollars per British Pound

1.2761

1.248

Dollars per Euro

1.1596

1.114

Japanese Yen per Dollar

106.86

108.19

Canadian Dollars per Dollar

1.341

1.314

Mexican Peso per Dollar

22.518

19.022