Some highlights include:
Congress Returns to The Hill
Investors will be watching Congress next week as lawmakers return from recess and begin their review of tax measures proposed by President Obama in an effort to get the economy growing again at a healthy rate.
The president this week proposed new tax credits and write-offs for business investments, but it is unclear whether Congress will come up with the votes before lawmakers leave Washington again after only a few weeks to campaign before the hotly contested midterm elections Nov. 2.
Consumer and Producer Price Indices Release
The government will release its August Producer Price Index, which measures wholesale inflation, and Consumer Price Index, which reflects changes in retail prices, on Thursday and next Friday, respectively. Out Wednesday are August figures on industrial production. Reports on regional economic activity are due Wednesday for New York and Thursday from the Philadelphia Fed.
Foreign Currency Hearings
Treasury Secretary Timothy Geithner is slated to appear Wednesday before the House Ways and Means Committee to discuss concerns about China's valuation of its currency. Lawmakers continue to express frustration about the slow appreciation of the yuan, which has risen less than half a percent since China's June decision to drop a de facto peg to the U.S. dollar.
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