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Main Street activity slackens in the unfolding week, with only a very few economic data expected to make an impact on the markets. The results of the Institute for Supply Management's service sector survey for July, the jobless claims report and Fed speeches are likely to be the closely watch events of the week. The Commerce Department's trade balance and wholesale inventories reports, both for June, the Federal Reserve's consumer credit report for June and the results of the Treasury auctions of 3-year and 10-year notes and 30-year bonds round up the economic events of the week.
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