From the Desk - Economic Commentary
Scott Hofer, Member Strategies Manager - 7/3/2026
In observance of the Independence Day holiday, holiday-adjusted operations are in effect today for the Federal Home Loan Bank of Des Moines. Please see the Bank’s website for details.
Both the New York Stock Exchange and Nasdaq are closed for the full day and will reopen on Monday, July 6. However, the U.S. Treasury and bond markets are open today, but they are operating on an early close at 2:00 pm ET.
Looking ahead to next week, the economic calendar is relatively light following. Key U.S. releases include the ISM Services PMI, U.S. trade balance data, and the minutes from the Federal Reserve's June 16–17 FOMC meeting, which will be the week's primary market-moving event as investors assess the Fed's outlook for inflation and interest rates.
Subscribe to our daily From the Desk newsletter to get economic commentaries and updated market rates sent directly to your inbox.
Subscribe Here