December 10, 2019 Headlines

US Treasuries are essentially unchanged overnight ahead of key events later in the week. With the December 15th tariff deadline looming, rumors have started that the trade dispute between the US and China is de-escalating. Bloomberg reported that Chinese officials expect the US to delay levies as trade talks continue to progress. Looking forward, the next key event is the FOMC decision and press conference on Wednesday. Market participants widely expect there to be no change in the Fed Funds rate.

Chris Eckhoff
Associate, Investment Management Group

Date	Event	Survey	Actual	Prior	Revised
12/10/2019	NFIB Small Business Optimism	103	104.7	102.4	—
12/10/2019	Nonfarm Productivity	-0.10%	-0.20%	-0.30%	—
12/10/2019	Unit Labor Costs	3.40%	2.50%	3.60%	—
12/11/2019	MBA Mortgage Applications	—	—	-9.20%	—
12/11/2019	CPI MoM	0.20%	—	0.40%	—
12/11/2019	CPI Ex Food and Energy MoM	0.20%	—	0.20%	—
12/11/2019	CPI YoY	2.00%	—	1.80%	—
12/11/2019	CPI Ex Food and Energy YoY	2.30%	—	2.30%	—
12/11/2019	CPI Core Index SA	265.476	—	265.011	—
12/11/2019	CPI Index NSA	257.215	—	257.346	—
12/11/2019	Real Avg Weekly Earnings YoY	—	—	0.90%	1.10%
12/11/2019	Real Avg Hourly Earning YoY	—	—	1.20%	1.40%
12/11/2019	FOMC Rate Decision (Upper Bound)	1.75%	—	1.75%	—
12/11/2019	FOMC Rate Decision (Lower Bound)	1.50%	—	1.50%	—
12/11/2019	Interest Rate on Excess Reserves	1.55%	—	1.55%	—
12/11/2019	Monthly Budget Statement	-$206.2b	—	-$134.5b	—
12/12/2019	PPI Final Demand MoM	0.20%	—	0.40%	—
12/12/2019	PPI Ex Food and Energy MoM	0.20%	—	0.30%	—
12/12/2019	PPI Ex Food, Energy, Trade MoM	0.20%	—	0.10%	—
12/12/2019	PPI Final Demand YoY	1.20%	—	1.10%	—
12/12/2019	PPI Ex Food and Energy YoY	1.70%	—	1.60%	—
12/12/2019	PPI Ex Food, Energy, Trade YoY	—	—	1.50%	—
12/12/2019	Initial Jobless Claims	215k	—	203k	—
12/12/2019	Continuing Claims	1678k	—	1693k	—
12/12/2019	Bloomberg Consumer Comfort	—	—	61.7	—
12/12/2019	Household Change in Net Worth	—	—	$1830b	—
12/13/2019	Import Price Index MoM	0.20%	—	-0.50%	—
12/13/2019	Import Price Index ex Petroleum MoM	-0.10%	—	-0.10%	—
12/13/2019	Import Price Index YoY	-1.20%	—	-3.00%	—
12/13/2019	Export Price Index MoM	0.10%	—	-0.10%	—
12/13/2019	Export Price Index YoY	—	—	-2.20%	—
12/13/2019	Retail Sales Advance MoM	0.50%	—	0.30%	—
12/13/2019	Retail Sales Ex Auto MoM	0.40%	—	0.20%	—
12/13/2019	Retail Sales Ex Auto and Gas	0.40%	—	0.10%	—
12/13/2019	Retail Sales Control Group	0.30%	—	0.30%	—
12/13/2019	Bloomberg Dec. United States Economic Survey
12/13/2019	Business Inventories	0.20%	—	0.00%	—

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