Howzit Howard - Economy

(HawaiiNewsNow) - The first report of the week just came out.  The Institute for Supply Management reports the service sector grew faster in august than it did in July.

Wall street had expected slower growth, so the experts are already wrong and it's only Tuesday.

Wednesday the Fed issues it's beige book, a general report on how the US economy is doing.

Thursday there's an update on trade.  A smaller trade deficit expected from July, but only due to cheaper fuel.

Also on Thursday, the International Council of Shopping Centers reports on August retail sales by major chains.   This will show whether and how much consumers held back while Wall Street had the vapors.

Thursday will also bring another Ben Bernanke speech, so everyone will again be reading his tea leaves on whether the Fed sees enough slumping to attempt to make for more easy credit.