Wednesday data will reveal Q2 US current account balance and weekly mortgage application trends amid shifting rate expectations.
The US Commerce Department will release the Q2 current account balance at 8:30 AM ET, measuring the nation’s trade gap in goods, services, and income. Economists expect the deficit to narrow slightly from Q1’s $237.6 billion print, reflecting recent trade flow adjustments.
Separately, the Mortgage Bankers Association will publish its weekly mortgage applications index at 7:00 AM ET. Last week’s data showed a 1.6% decline in purchase applications as mortgage rates hovered near 7%, pressuring housing demand.
Markets will watch both releases for signs of cooling domestic activity and external trade pressures, with implications for Fed policy expectations.