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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