December 15, 2020 Headlines
Equities are moving higher this morning, catalyzed by vaccine shipments as well as progressing stimulus talks. Treasuries are selling off pushing the curve roughly a basis point higher. The long-term outlook is positive given vaccine development, but the path forward likely remains bumpy with COVID cases continuing to rise which could result in another round of lockdowns. The Fed is meeting today and tomorrow and an investors will be looking for more guidance around its asset purchases.
Hafizan Hamzah
Director, Investment Management Group
Date | Event | Surv(M) | Actual | Prior | Revised |
12/15/20 | Empire Manufacturing | 6.3 | 4.9 | 6.3 | — |
12/15/20 | Import Price Index MoM | 0.30% | 0.10% | -0.10% | — |
12/15/20 | Import Price Index ex Petroleum MoM | 0.20% | 0.00% | 0.00% | -0.10% |
12/15/20 | Import Price Index YoY | -0.90% | -1.00% | -1.00% | — |
12/15/20 | Export Price Index MoM | 0.20% | 0.60% | 0.20% | — |
12/15/20 | Export Price Index YoY | — | -1.10% | -1.60% | — |
12/15/20 | Industrial Production MoM | 0.30% | 0.40% | 1.10% | 0.90% |
12/15/20 | Capacity Utilization | 73.00% | 73.30% | 72.80% | 73.00% |
12/15/20 | Manufacturing (SIC) Production | 0.40% | 0.80% | 1.00% | 1.10% |
12/15/20 | Net Long-term TIC Flows | — | — | $108.9b | — |
12/15/20 | Total Net TIC Flows | — | — | -$79.9b | — |
12/16/20 | MBA Mortgage Applications | — | — | -1.20% | — |
12/16/20 | Retail Sales Advance MoM | -0.30% | — | 0.30% | — |
12/16/20 | Retail Sales Ex Auto MoM | 0.10% | — | 0.20% | — |
12/16/20 | Retail Sales Ex Auto and Gas | 0.10% | — | 0.20% | — |
12/16/20 | Retail Sales Control Group | 0.10% | — | 0.10% | — |
12/16/20 | Markit US Manufacturing PMI | 55.8 | — | 56.7 | — |
12/16/20 | Markit US Services PMI | 55.9 | — | 58.4 | — |
12/16/20 | Markit US Composite PMI | — | — | 58.6 | — |
12/16/20 | Business Inventories | 0.60% | — | 0.70% | — |
12/16/20 | NAHB Housing Market Index | 88 | — | 90 | — |
12/16/20 | FOMC Rate Decision (Upper Bound) | 0.25% | — | 0.25% | — |
12/16/20 | FOMC Rate Decision (Lower Bound) | 0.00% | — | 0.00% | — |
12/16/20 | Interest Rate on Excess Reserves | 0.10% | — | 0.10% | — |
12/17/20 | Building Permits | 1560k | — | 1545k | 1544k |
12/17/20 | Building Permits MoM | 1.00% | — | 0.00% | -0.10% |
12/17/20 | Philadelphia Fed Business Outlook | 20 | — | 26.3 | — |
12/17/20 | Housing Starts | 1535k | — | 1530k | — |
12/17/20 | Initial Jobless Claims | 815k | — | 853k | — |
12/17/20 | Housing Starts MoM | 0.30% | — | 4.90% | — |
12/17/20 | Continuing Claims | 5700k | — | 5757k | — |
12/17/20 | Bloomberg Economic Expectations | — | — | 43 | — |
12/17/20 | Bloomberg Consumer Comfort | — | — | 49 | — |
12/17/20 | Kansas City Fed Manf. Activity | 9 | — | 11 | — |
12/18/20 | Current Account Balance | -$187.0b | — | -$170.5b | — |
12/18/20 | Leading Index | 0.50% | — | 0.70% | — |
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