Looking Ahead: Week of July 30 through August 3

First Friday is back and that means a highlight is the employment situation. But there will be earlier news on the wavering consumer sector, including personal income, consumer confidence, the ADP private employment report, and motor vehicle sales. Manufacturing also has been wavering and key updates will come from Markit PMI and ISM manufacturing. But at mid-week, competing for the week’s highlight will be the Fed’s FOMC statement and whether there is any new policy initiative.