US: Focus on weekly initial jobless claims and PPI - BBH

Research Team at BBH, suggests that the US reports weekly initial jobless claims and PPI today. 

Key Quotes

“Neither are typically market movers, especially ahead of tomorrow's more important retail sales and CPI reports.  Three Fed officials speak:  Lockhart, George, and Kaplan.  Regardless of what they say, the market will not become convinced of a hike later this month.  Whether the Fed goes in September, which the market is pricing in less than a 10% chance, is dependent on the next couple months of data.”