The Week Ahead: Consumers Still Under Pressure

By

Chris Versace and Lenore Hawkins

 | Aug 24, 2014 | 8:00 PM EDT
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Last week was filled with anticipation over what Federal Reserve Chairperson Janet Yellen would say in her speech at the Jackson Hole, Wyo., economic conference. The Federal Open Market Committee had already released minutes from the July meeting, and flash purchasing managers indices came in mixed from the U.S., the eurozone and China. Nonetheless, many folks were still waiting for any and all insight from Yellen on the timing of interest-rate hikes on U.S. Treasuries.

Nonetheless, those comments were overshadowed on Friday by the reported wee-early-morning crossing of a Russian convoy into Ukraine ahead of the planned Aug. 26 meeting between Ukraine President Petro Poroshenko and Russia's Vladimir Putin. We expect the drama to continue ramping up ahead of the meeting. In all likelihood, that means the return of volatility to the stock market, at least for the short term....859 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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