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
Date | Event | Survey | Actual | Prior | Revised |
8/24/20 | Chicago Fed Nat Activity Index | 3.7 | 1.18 | 4.11 | 5.33 |
8/25/20 | FHFA House Price Index MoM | 0.30% | 0.90% | -0.30% | -0.20% |
8/25/20 | House Price Purchase Index QoQ | — | 0.80% | 1.70% | — |
8/25/20 | S&P CoreLogic CS 20-City MoM SA | 0.10% | 0.00% | 0.04% | -0.03% |
8/25/20 | S&P CoreLogic CS 20-City YoY NSA | 3.60% | 3.46% | 3.69% | 3.61% |
8/25/20 | S&P CoreLogic CS 20-City NSA Index | — | 225.13 | 224.76 | 224.6 |
8/25/20 | S&P CoreLogic CS US HPI YoY NSA | — | 4.29% | 4.46% | 4.32% |
8/25/20 | S&P CoreLogic CS US HPI NSA Index | — | 219.82 | 218.87 | 218.6 |
8/25/20 | Conf. Board Consumer Confidence | 93 | 84.8 | 92.6 | 91.7 |
8/25/20 | Conf. Board Present Situation | — | 84.2 | 94.2 | 95.9 |
8/25/20 | Conf. Board Expectations | — | 85.2 | 91.5 | 88.9 |
8/25/20 | New Home Sales | 790k | 901k | 776k | 791k |
8/25/20 | New Home Sales MoM | 1.80% | 13.90% | 13.80% | 15.10% |
8/25/20 | Richmond Fed Manufact. Index | 10 | 18 | 10 | — |
8/26/20 | MBA Mortgage Applications | — | -6.50% | -3.30% | — |
8/26/20 | Durable Goods Orders | 4.80% | 11.20% | 7.60% | 7.70% |
8/26/20 | Durables Ex Transportation | 2.00% | 2.40% | 3.60% | 4.00% |
8/26/20 | Cap Goods Orders Nondef Ex Air | 1.70% | 1.90% | 3.40% | 4.30% |
8/26/20 | Cap Goods Ship Nondef Ex Air | 1.80% | 2.40% | 3.30% | 3.80% |
8/27/20 | GDP Annualized QoQ | -32.50% | -31.70% | -32.90% | — |
8/27/20 | Personal Consumption | -34.20% | -34.10% | -34.60% | — |
8/27/20 | GDP Price Index | -1.80% | -2.00% | -1.80% | — |
8/27/20 | Core PCE QoQ | -1.10% | -1.00% | -1.10% | — |
8/27/20 | Initial Jobless Claims | 1000k | 1006k | 1106k | 1104k |
8/27/20 | Continuing Claims | 14400k | 14535k | 14844k | 14758k |
8/27/20 | Bloomberg Consumer Comfort | — | — | 43.5 | — |
8/27/20 | Pending Home Sales MoM | 2.00% | — | 16.60% | — |
8/27/20 | Pending Home Sales NSA YoY | 10.80% | — | 12.70% | — |
8/27/20 | Kansas City Fed Manf. Activity | 5 | — | 3 | — |
8/28/20 | Personal Income | -0.40% | — | -1.10% | — |
8/28/20 | Advance Goods Trade Balance | -$72.0b | — | -$70.6b | — |
8/28/20 | Wholesale Inventories MoM | -0.90% | — | -1.40% | — |
8/28/20 | Personal Spending | 1.50% | — | 5.60% | — |
8/28/20 | Real Personal Spending | 1.30% | — | 5.20% | — |
8/28/20 | Retail Inventories MoM | -1.10% | — | -2.60% | — |
8/28/20 | PCE Deflator MoM | 0.40% | — | 0.40% | — |
8/28/20 | PCE Deflator YoY | 1.00% | — | 0.80% | — |
8/28/20 | PCE Core Deflator MoM | 0.50% | — | 0.20% | — |
8/28/20 | PCE Core Deflator YoY | 1.20% | — | 0.90% | — |
8/28/20 | MNI Chicago PMI | 52.6 | — | 51.9 | — |
8/28/20 | U. of Mich. Sentiment | 72.8 | — | 72.8 | — |
8/28/20 | U. of Mich. Current Conditions | 82.4 | — | 82.5 | — |
8/28/20 | U. of Mich. Expectations | 66 | — | 66.5 | — |
8/28/20 | U. of Mich. 1 Yr Inflation | — | — | 3.00% | — |
8/28/20 | U. of Mich. 5-10 Yr Inflation | — | — | 2.70% | — |
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