August 12, 2020 Headlines
Treasury yields are higher following this morning’s CPI release which showed an increase in consumer prices. Core CPI which excludes food and energy increased by 0.6% month over month, 0.4% higher than expected. This increase in consumer prices was the largest increase in nearly three decades. Rising apparel and vehicle costs drove the index higher, with clothing seeing a 1.1% increase while used and new vehicles saw a 2.3% and 0.8% uptick, respectively.
Hafizan Hamzah
Director, Investment Management Group
Date | Event | Survey | Actual | Prior | Revised |
8/10/20 | JOLTS Job Openings | 5300 | 5889 | 5397 | 5371 |
8/11/20 | NFIB Small Business Optimism | 100.5 | 98.8 | 100.6 | — |
8/11/20 | PPI Final Demand MoM | 0.30% | 0.60% | -0.20% | — |
8/11/20 | PPI Ex Food and Energy MoM | 0.10% | 0.50% | -0.30% | — |
8/11/20 | PPI Ex Food, Energy, Trade MoM | 0.20% | 0.30% | 0.30% | — |
8/11/20 | PPI Final Demand YoY | -0.70% | -0.40% | -0.80% | — |
8/11/20 | PPI Ex Food and Energy YoY | 0.00% | 0.30% | 0.10% | — |
8/11/20 | PPI Ex Food, Energy, Trade YoY | 0.10% | 0.10% | -0.10% | — |
8/12/20 | MBA Mortgage Applications | — | 6.80% | -5.10% | — |
8/12/20 | CPI MoM | 0.30% | 0.60% | 0.60% | — |
8/12/20 | CPI Ex Food and Energy MoM | 0.20% | 0.60% | 0.20% | — |
8/12/20 | CPI YoY | 0.70% | 1.00% | 0.60% | — |
8/12/20 | CPI Ex Food and Energy YoY | 1.10% | 1.60% | 1.20% | — |
8/12/20 | CPI Index NSA | 258.54 | 259.1 | 257.797 | — |
8/12/20 | CPI Core Index SA | 266.59 | 267.72 | 266.065 | — |
8/12/20 | Real Avg Hourly Earning YoY | — | 3.70% | 4.30% | 4.10% |
8/12/20 | Real Avg Weekly Earnings YoY | — | 4.30% | 4.60% | 4.70% |
8/12/20 | Monthly Budget Statement | -$90.0b | — | -$119.7b | — |
8/13/20 | Import Price Index MoM | 0.60% | — | 1.40% | — |
8/13/20 | Import Price Index ex Petroleum MoM | 0.10% | — | 0.30% | — |
8/13/20 | Import Price Index YoY | -3.10% | — | -3.80% | — |
8/13/20 | Export Price Index MoM | 0.40% | — | 1.40% | — |
8/13/20 | Export Price Index YoY | — | — | -4.40% | — |
8/13/20 | Initial Jobless Claims | 1100k | — | 1186k | — |
8/13/20 | Continuing Claims | 15800k | — | 16107k | — |
8/13/20 | Bloomberg Consumer Comfort | — | — | 44.9 | — |
8/14/20 | Retail Sales Advance MoM | 2.10% | — | 7.50% | — |
8/14/20 | Retail Sales Ex Auto MoM | 1.30% | — | 7.30% | — |
8/14/20 | Retail Sales Ex Auto and Gas | 1.00% | — | 6.70% | — |
8/14/20 | Retail Sales Control Group | 0.90% | — | 5.60% | — |
8/14/20 | Nonfarm Productivity | 1.50% | — | -0.90% | — |
8/14/20 | Unit Labor Costs | 7.20% | — | 5.10% | — |
8/14/20 | Industrial Production MoM | 3.00% | — | 5.40% | — |
8/14/20 | Capacity Utilization | 70.30% | — | 68.60% | — |
8/14/20 | Manufacturing (SIC) Production | 3.00% | — | 7.20% | — |
8/14/20 | Bloomberg Aug. United States Economic Survey | ||||
8/14/20 | Business Inventories | -1.10% | — | -2.30% | — |
8/14/20 | U. of Mich. Sentiment | 72 | — | 72.5 | — |
8/14/20 | U. of Mich. Current Conditions | 82.5 | — | 82.8 | — |
8/14/20 | U. of Mich. Expectations | 65.6 | — | 65.9 | — |
8/14/20 | U. of Mich. 1 Yr Inflation | — | — | 3.00% | — |
8/14/20 | U. of Mich. 5-10 Yr Inflation | — | — | 2.60% | — |
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