August 27, 2020 Headlines

It’s a relatively quiet morning in broad financial markets ahead of Fed Chair Powell’s Jackson Hole speech (9:10 a.m. ET). Powell is expected to announce a new monetary policy framework that includes a shift to average inflation targeting. Initial jobless claims for the week ended August 21 exceeded 1 million people again, slightly above expectations, and continuing jobless claims were also above expectations at 14.535 million for the week ended August 15.

Jason Haley
Chief Investment Officer

8/24/20Chicago Fed Nat Activity Index3.
8/25/20FHFA House Price Index MoM0.30%0.90%-0.30%-0.20%
8/25/20House Price Purchase Index QoQ0.80%1.70%
8/25/20S&P CoreLogic CS 20-City MoM SA0.10%0.00%0.04%-0.03%
8/25/20S&P CoreLogic CS 20-City YoY NSA3.60%3.46%3.69%3.61%
8/25/20S&P CoreLogic CS 20-City NSA Index225.13224.76224.6
8/25/20S&P CoreLogic CS US HPI YoY NSA4.29%4.46%4.32%
8/25/20S&P CoreLogic CS US HPI NSA Index219.82218.87218.6
8/25/20Conf. Board Consumer Confidence9384.892.691.7
8/25/20Conf. Board Present Situation84.294.295.9
8/25/20Conf. Board Expectations85.291.588.9
8/25/20New Home Sales790k901k776k791k
8/25/20New Home Sales MoM1.80%13.90%13.80%15.10%
8/25/20Richmond Fed Manufact. Index101810
8/26/20MBA Mortgage Applications-6.50%-3.30%
8/26/20Durable Goods Orders4.80%11.20%7.60%7.70%
8/26/20Durables Ex Transportation2.00%2.40%3.60%4.00%
8/26/20Cap Goods Orders Nondef Ex Air1.70%1.90%3.40%4.30%
8/26/20Cap Goods Ship Nondef Ex Air1.80%2.40%3.30%3.80%
8/27/20GDP Annualized QoQ-32.50%-31.70%-32.90%
8/27/20Personal Consumption-34.20%-34.10%-34.60%
8/27/20GDP Price Index-1.80%-2.00%-1.80%
8/27/20Core PCE QoQ-1.10%-1.00%-1.10%
8/27/20Initial Jobless Claims1000k1006k1106k1104k
8/27/20Continuing Claims14400k14535k14844k14758k
8/27/20Bloomberg Consumer Comfort43.5
8/27/20Pending Home Sales MoM2.00%16.60%
8/27/20Pending Home Sales NSA YoY10.80%12.70%
8/27/20Kansas City Fed Manf. Activity53
8/28/20Personal Income-0.40%-1.10%
8/28/20Advance Goods Trade Balance-$72.0b-$70.6b
8/28/20Wholesale Inventories MoM-0.90%-1.40%
8/28/20Personal Spending1.50%5.60%
8/28/20Real Personal Spending1.30%5.20%
8/28/20Retail Inventories MoM-1.10%-2.60%
8/28/20PCE Deflator MoM0.40%0.40%
8/28/20PCE Deflator YoY1.00%0.80%
8/28/20PCE Core Deflator MoM0.50%0.20%
8/28/20PCE Core Deflator YoY1.20%0.90%
8/28/20MNI Chicago PMI52.651.9
8/28/20U. of Mich. Sentiment72.872.8
8/28/20U. of Mich. Current Conditions82.482.5
8/28/20U. of Mich. Expectations6666.5
8/28/20U. of Mich. 1 Yr Inflation3.00%
8/28/20U. of Mich. 5-10 Yr Inflation2.70%


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