Here's what to look out for on the markets this week:
- Minneapolis Federal Reserve President Narayana Kocherlakota (pictured) will be speaking in Evanston, Illinois at 5:15 pm EST on Tuesday to discuss monetary policy. (Kocherlakota is known for being a monetary hawk, and dissents from the FOMC consensus on the appropriateness of QE and ZIRP/NIRP measures.)
- Expect more headlines made by members of the FOMC in addition to Mr. Kocherlakota leading up to next Wednesday's two-day meeting of the Fed's Open Market Committee (September 16-17).
- Several central banks make monthly policy announcements on Wednesday and Thursday, including the Bank of Canada, the Reserve Bank of New Zealand, and the Bank of England.
- Labor data will be released in Australia and the U.S. on Wednesday, the latter in the form of the JOLTS (Job Openings and Labor Turnover Survey).
- In Asia, machine orders and PPI will be released in Japan on Wednesday, along with CPI and PPI data from mainland China.
- Thursday is full of important economic data from the United States, including the Fed balance sheet and the country's current money supply; the Bloomberg Consumer Comfort index; import and export prices; the natural gas and petroleum status reports from the EIA; wholesale trade data; as well as weekly jobless claims. The consensus consumer sentiment gauge and producer prices (PPI) for final demand come out on Friday.
- Watch for industrial production data and retail sales numbers from China over the weekend on Sunday for more signals about whether or not the Chinese economy will succumb to further contraction and require intervention by the central bank.