As speculation continues to swirl on whether a rate hike is in the cards, Richmond Fed President Lacker seems to think there is a strong case for a September increase and San Fran Fed President Williams reiterated his call for gradual increases. This yo-yo action will continue until decision time.

Adding to the data points, is the latest Job Openings and Labor Turnover Summary (JOLTS) report for July, which increased to 5.9 million job openings from 5.6 million in June.  New hires in July was 5.2 million, separations were 4.9 million, flat from June.  Of the separations, 2.98 million were quits, a gauge of employee confidence to look or leave their current jobs.

The major indices are all down slightly ahead of the Beige Book, an indicator on the health of the U.S. economy and a vital tool for the Fed, due to out around 2. 

All eyes are on Apple’s event that is kicking off now.  Let’s see what changes are on the horizon for the iPhone 7 and other products, and if it will be meaningful enough to help lift the stock.