Today in Fed Speak

Tuesday: • At 9:00 AM ET, the S&P/Case-Shiller House Price Index for July . Although this is the July report, it is really a 3 month average of May, June and July prices. The consensus is for a 5.3% year-over-year increase in the Comp 20 index for July. The Zillow forecast is for the National Index to increase 4.6% year-over-year in July. Today in Fed speak: This year, this year, and "middle of next year". From NY Fed President William Dudley: Fed's Dudley: Still Likely on Track for 2015 Rate Rise "If the economy continues on the same trajectory it's on…and everything else suggests......(read more)

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