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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