US Macro Daily(Beta Mode)
Home Sales, CPI Data Loom Over Flat Markets
Market Snapshot
| Asset | Level | Change |
|---|---|---|
| S&P 500 | 7,753.11 | -0.06% |
| Nasdaq 100 | 29,621.80 | -0.34% |
| Dow Jones | 53,975.98 | -0.11% |
| Russell 2000 | 3,017.40 | -0.56% |
| USD/JPY | 157.89 | -0.33% |
| EUR/USD | 1.15 | -0.15% |
| GBP/USD | 1.35 | +0.05% |
| Gold | 4,440.10 | +1.80% |
| WTI Crude | 83.34 | +1.47% |
| Bitcoin | 64,226.14 | +0.49% |
| US 2Y Treasury | 4.19% | -1.41% |
| US 10Y Treasury | 4.65% | -0.85% |
Prior Economic Events
| Data | Prior | Cons | Actual |
|---|---|---|---|
| Speech by Fed's Hammack | - | - | - |
10-Year Treasury Yield | Type: macro_line | 10Y Yield %: 4.65 (2026-08-07) | Range: 1.24–4.98 | Trend(6pt): 1.36,4.12,4.15,4.37,4.69,4.65
Today's Economic Events
| Data | Prior | Cons | Time |
|---|---|---|---|
| ADP Employment Change Weekly | 15,000 | - | 04:15 |
| Existing Home Sales Level | 4.1m | 4.0m | 06:00 |
| Existing Home Sales Month-over-Month | -2.40 | - | 06:00 |
| API Weekly Crude Oil Stocks | 2.7m | - | 12:30 |
| Wednesday (2026-08-12) | |||
| MBA 30-Year Mortgage Rate | 6.81 | - | 03:00 |
| Core Inflation Rate Month-over-Month | 0 | 0.20 | 04:30 |
| Core Inflation Rate Year-over-Year | 2.60 | 2.50 | 04:30 |
| Inflation Rate Month-over-Month | -0.40 | 0.10 | 04:30 |
| Inflation Rate Year-over-Year | 3.50 | 3.40 | 04:30 |
- Equity indices closed nearly flat with modest tech and small-cap losses amid thin data
- Treasury yields declined as 2-year fell to 4.19% and 10-year to 4.65%
- Gold jumped 1.80% while WTI crude rose 1.47% on supply concerns
Yesterday's Recap
US markets recorded minimal moves on August 10 with the S&P 500 slipping 0.06% to 7,753.11, the Nasdaq 100 declining 0.34% to 29,621.80, and the Russell 2000 falling 0.56% to 3,017.40. The Dow Jones edged down 0.11% to 53,975.98. Treasury yields eased across the curve, with the 2-year dropping 1.41% to 4.19% and the 10-year declining 0.85% to 4.65%.
The only scheduled event was a medium-impact speech by Fed's Hammack that offered no new policy signals. USD/JPY fell 0.33% to 157.89 while EUR/USD slipped 0.15% to 1.15 and GBP/USD rose 0.05% to 1.35. Gold advanced sharply on safe-haven flows to 4,440.10 while WTI crude climbed 1.47% to 83.34 on supply concerns.
Bitcoin gained 0.49% to 64,226.14. The moves reflected cautious positioning ahead of housing and inflation releases, with investors viewing the quiet session as consistent with steady but slowing growth rather than any abrupt shift in policy expectations.
The Day Ahead
Attention turns to the ADP Employment Change Weekly at 4:15 a.m. ET followed by Existing Home Sales Level at 6:00 a.m. ET, expected at 4.04 million versus the prior 4.09 million.
The month-over-month sales figure will also be released. API Weekly Crude Oil Stocks prints at 12:30 p.m. ET.
On Wednesday the focus shifts to Core Inflation Rate Month-over-Month and Year-over-Year at 4:30 a.m. ET with consensus at 0.2% and 2.5% respectively. Inflation Rate Month-over-Month and Year-over-Year are also due, with consensus 0.1% and 3.4%.
MBA 30-Year Mortgage Rate and EIA inventory data complete the calendar. These releases will provide fresh readings on housing demand and price pressures that directly inform the path of monetary policy.
Other Economic Notes
US GDP growth registered 1.50% QoQ SAAR and 2.10% YoY in the latest reading, indicating moderate expansion. Unemployment stands at 4.10% while retail sales rose 6.72% YoY, supporting consumer resilience. These figures align with a gradual labor-market cooling that has not yet triggered recession signals.
Broader inflation remains anchored near 3.46% YoY from June, keeping policy expectations measured. <i>↓ p.2</i>
