by Calculated Risk on 7/23/2023 06:25:00 PM

Weekend:
• Schedule for Week of July 23, 2023

• FOMC Preview: Likely 25bp Rate Hike

Monday:
• 8:30 AM ET, Chicago Fed National Activity Index for June. This is a composite index of other data.

From CNBC: Pre-Market Data and Bloomberg futures S&P 500 and DOW futures are down slightly (fair value).

Oil prices were up over the last week with WTI futures at $77.07 per barrel and Brent at $81.07 per barrel. A year ago, WTI was at $98, and Brent was at $107 - so WTI oil prices are down about 20% year-over-year.

Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $3.56 per gallon. A year ago, prices were at $4.35 per gallon, so gasoline prices are down $0.78 per gallon year-over-year.