What to Watch: Pre-JH Fed Speakers, Weekly Claims, PCE, 7Y Sale

Tsys trade mildly firmer, near middle narrow overnight range. Heavy volumes (TYU2>580k) tied to Sep/Dec rolls ahead next Wed's First Notice (Dec takes lead).

• Focus on Fed Speak:
  • KC Fed George kicks things off w/ CNBC interview at 0730ET
  • Philly Fed Harker interview with MNI at 0925ET and again on CNBC at 1000ET, first policy related appearance since June 22.
  • Meanwhile, KC Fed's annual Jackson Hole Economic Symposium kicks off Friday (agenda released tonight at 2000ET): Reassessing Constraints on the Economy and Policy, Chairman Powell scheduled to speak at 1000ET (0800 local), text is expected but no Q&A.
• This morning's economic data kicks off at 0830ET:
  • Initial Jobless Claims (250k, 252k); Continuing Claims (1.437M, 1.441M)
  • GDP Price Index (8.7%, 8.7%); Annualized QoQ (-0.9%, -0.7%)
  • Personal Consumption (1.0%, 1.5%); Core PCE QoQ (4.4%, 4.4%)
  • Kansas City Fed Manf. Activity (13, 10) at 1100ET
• Treasury auctions:
  • $55B 4W, $50B 8W bill auctions at 1130ET
  • $37B 7Y Note auction (91282CFJ5) at 1300ET
• Geopol: Energy Agency Director-General Rafael Grossi has stated that both Kyiv and Moscow have agreed with the body that its inspectors must be allowed to visit the Zaporizhzhia nuclear power plant in southern Ukraine, which is the site of significant tensions between Ukrainian and Russian forces at present.