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The Week Ahead: Economic Data Takes Center Stage

August starts off with jobs data as the main event. Plus earnings reports from media firms and consumer names.

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Jeremy Glaser: Welcome to The Week Ahead, our quick take on what investors should have on their radar screens for the week starting Aug. 1.

Economic data will take center stage as August begins. Jobs data on Friday will be the main event. Last week, The Fed seemed to be willing to raise rates, possibly as soon as September, but that's really predicated on the employment market continuing to look strong and to see more signs that May's bad numbers were really just an aberration.

Personal consumption and income data will provide an update on the state of the consumer and also on the Fed's favorite inflation metric.

Industrial data is also on tap with the ISM index on Monday and factory orders on Thursday.

Earnings will also keep rolling in. Media firms Viacom and Discovery Communications will show us the impact that cord-cutting is having on their business. Consumer names like Procter & Gamble, Clorox, and Kellogg will also report.

Stay tuned to Morningstar for our take on all of these stories throughout the week.

Jeremy Glaser does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.