August 28, 2019 Headlines

In the London trading session, 30-year US Treasury yields fell to record lows following news that the UK Prime Minster Boris Johnson was attempting to limit parliamentary debate over Brexit increasing the odds of a no-deal Brexit. In the US, the August Conference Board survey showed consumer confidence starting to edge down but still beat economist expectations. The strength in the report continues to be on the present conditions, particularly the labor market, while the expectations component declined. Looking at upcoming releases, the second reading of Q2 GDP is expected tomorrow.

Chris Eckhoff
Associate, Investment Management Group

Date Event Survey Actual Prior Revised
8/26/2019 Chicago Fed Nat Activity Index 0 -0.36 -0.02 0.03
8/26/2019 Durable Goods Orders 1.20% 2.10% 1.90% 1.80%
8/26/2019 Durables Ex Transportation 0.00% -0.40% 1.00% 0.80%
8/26/2019 Cap Goods Orders Nondef Ex Air 0.00% 0.40% 1.50% 0.90%
8/26/2019 Cap Goods Ship Nondef Ex Air 0.10% -0.70% 0.30% 0.00%
8/26/2019 Dallas Fed Manf. Activity -4 2.7 -6.3
8/27/2019 House Price Purchase Index QoQ 0.30% 1.00% 1.10% 1.30%
8/27/2019 FHFA House Price Index MoM 0.20% 0.20% 0.10% 0.20%
8/27/2019 S&P CoreLogic CS 20-City MoM SA 0.10% 0.04% 0.14% 0.13%
8/27/2019 S&P CoreLogic CS 20-City YoY NSA 2.30% 2.13% 2.39% 2.37%
8/27/2019 S&P CoreLogic CS 20-City NSA Index 218.02 217.65 216.94 216.92
8/27/2019 S&P CoreLogic CS US HPI YoY NSA 3.30% 3.13% 3.43% 3.35%
8/27/2019 S&P CoreLogic CS US HPI NSA Index 210.71 209.66 209.49
8/27/2019 Richmond Fed Manufact. Index -4 1 -12
8/27/2019 Conf. Board Consumer Confidence 129 135.1 135.7 135.8
8/27/2019 Conf. Board Present Situation 177.2 170.9
8/27/2019 Conf. Board Expectations 107 112.2 112.4
8/28/2019 MBA Mortgage Applications -6.20% -0.90%
8/29/2019 GDP Annualized QoQ 2.00% 2.10%
8/29/2019 Personal Consumption 4.30% 4.30%
8/29/2019 GDP Price Index 2.40% 2.40%
8/29/2019 Core PCE QoQ 1.80% 1.80%
8/29/2019 Advance Goods Trade Balance -$74.4b -$74.2b -$74.2b
8/29/2019 Retail Inventories MoM 0.30% -0.10% -0.30%
8/29/2019 Wholesale Inventories MoM 0.20% 0.00%
8/29/2019 Initial Jobless Claims 214k 209k
8/29/2019 Continuing Claims 1687k 1674k
8/29/2019 Bloomberg Consumer Comfort 61.5
8/29/2019 Pending Home Sales MoM 0.00% 2.80%
8/29/2019 Pending Home Sales NSA YoY 1.80% -0.60%
8/30/2019 Personal Income 0.30% 0.40%
8/30/2019 Personal Spending 0.50% 0.30%
8/30/2019 Real Personal Spending 0.30% 0.20%
8/30/2019 PCE Deflator MoM 0.20% 0.10%
8/30/2019 PCE Deflator YoY 1.40% 1.40%
8/30/2019 PCE Core Deflator MoM 0.20% 0.20%
8/30/2019 PCE Core Deflator YoY 1.60% 1.60%
8/30/2019 MNI Chicago PMI 47.5 44.4
8/30/2019 U. of Mich. Sentiment 92.3 92.1
8/30/2019 U. of Mich. Current Conditions 107.4
8/30/2019 U. of Mich. Expectations 82.3
8/30/2019 U. of Mich. 1 Yr Inflation 2.70%
8/30/2019 U. of Mich. 5-10 Yr Inflation 2.60%











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