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lard of the mindset that there is still time to monitor the situation. Yellen comments tonight in Boston (7pm) will also be closely watched ahead of Bernanke's JEC testimony tomorrow. Hilsenrath article in WSJ< mod=WSJ_hp_LEFTWhatsNewsCollection> says the Fed will consider more action at its upcoming m
driven by the long-only community with the UK back online after the Jubilee. III futures +11 handles = 1295.80 last. ***Mortgage Apps @ 7am, Fed's Beige Book @ 2pm*** ***European bank resolution announcement due today*** ***Sweden closed today for National Day Holiday*** Ahold Ql light, sees underlying
cessarily elevated. If lawmakers deem additional stimulus is warranted, the Journal suggests cutting the payroll tax would be a better alternative. Bernanke: Giving State Governments Aid Will Help Economic Recovery. In an op- ed for the New York Times (7/15, Bernanke, 18.61M), former Federal Reserve Chair
ed up in most regions of the country but still remains well below pre-pandemic levels with the country facing high levels of uncertainty." The Fed's Beige Book report on Wednesday found "improvements in consumer spending and other areas but said the gains were from very low levels seen when widespread lock
the text will be released pre-open at 8:30am. SPA's -4 handles = 1667 last. ***Mortgage Apps @ 7am, Housing Starts @ 8:30am, Beige Book @ 2pm*** "*Bernanke's testimony to House Panel released @ 8:30am (delivers testimony @ 10am)*** ***ABT, BAC, BK, GWW, MAT, MTB, NTRS, PNC, STJ, TXT, USB #'s pre-open'""
pitol Hill at 10am but the text will be released pre-open at 8:30am. SPA's -4 handles = 1667 last. ***Mortgage Apps @ 7am, Housing Starts @ 8:30am, Beige Book @ 2pm*** "*Bernanke's testimony to House Panel released @ 8:30am (delivers testimony @ 10am)*** ***ABT, BAC, BK, GWW, MAT, MTB, NTRS, PNC, STJ, TXT
Entities connected to both Bernanke and Beige Book

Barack Obama
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Lesley Groff
PERSONIke Groff
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Bloomberg L.P.
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Barron
PERSONBaird
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Michael Jackson
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Marc Rich
PERSONJefferies
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Piper
PERSONBarcap
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Philadelphia Fed
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Tony Blair
PERSONNomura
ORGANIZATIONUS Key Research
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William Barr
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Angela Merkel
PERSONJanney
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Federal Reserve
ORGANIZATIONCanaccord
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