Treasury prices are unchanged to slightly lower this morning following an uneventful overnight session. S&P 500 futures are essentially unchanged as well ahead of the open. The House will vote on impeachment articles against President Trump today, and while the House vote is largely expected to pass, there is a very high probability that the Senate will acquit the president. As such, financial markets have been more dismissive of this event. Boston Fed President Eric Rosengren expressed confidence in the Fed’s decision to keep rate policy on hold for the near term during a speech yesterday. Rosengren had voted against all three rate cuts this year, citing financial stability concerns on multiple occasions.
Jason Haley
Chief Investment Officer
Date | Event | Survey | Actual | Prior | Revised |
12/18/2019 | MBA Mortgage Applications | — | -5.00% | 3.80% | — |
12/19/2019 | Current Account Balance | -$122.0b | — | -$128.2b | — |
12/19/2019 | Philadelphia Fed Business Outlook | 8 | — | 10.4 | — |
12/19/2019 | Initial Jobless Claims | 225k | — | 252k | — |
12/19/2019 | Continuing Claims | 1676k | — | 1667k | — |
12/19/2019 | Bloomberg Consumer Comfort | — | — | 62.1 | — |
12/19/2019 | Bloomberg Economic Expectations | — | — | 51.5 | — |
12/19/2019 | Leading Index | 0.10% | — | -0.10% | — |
12/19/2019 | Existing Home Sales | 5.44m | — | 5.46m | — |
12/19/2019 | Existing Home Sales MoM | -0.40% | — | 1.90% | — |
12/20/2019 | GDP Annualized QoQ | 2.10% | — | 2.10% | — |
12/20/2019 | Personal Consumption | 2.90% | — | 2.90% | — |
12/20/2019 | GDP Price Index | 1.80% | — | 1.80% | — |
12/20/2019 | Core PCE QoQ | 2.10% | — | 2.10% | — |
12/20/2019 | Personal Income | 0.30% | — | 0.00% | — |
12/20/2019 | Personal Spending | 0.40% | — | 0.30% | — |
12/20/2019 | Real Personal Spending | 0.20% | — | 0.10% | — |
12/20/2019 | PCE Deflator MoM | 0.20% | — | 0.20% | — |
12/20/2019 | PCE Deflator YoY | 1.40% | — | 1.30% | — |
12/20/2019 | PCE Core Deflator MoM | 0.10% | — | 0.10% | — |
12/20/2019 | PCE Core Deflator YoY | 1.50% | — | 1.60% | — |
12/20/2019 | U. of Mich. Sentiment | 99.2 | — | 99.2 | — |
12/20/2019 | U. of Mich. Current Conditions | — | — | 115.2 | — |
12/20/2019 | U. of Mich. Expectations | — | — | 88.9 | — |
12/20/2019 | U. of Mich. 1 Yr Inflation | — | — | 2.40% | — |
12/20/2019 | U. of Mich. 5-10 Yr Inflation | — | — | 2.30% | — |
12/20/2019 | Kansas City Fed Manf. Activity | -3 | — | -3 | — |
Subscribe Today!
Subscribe to our email list and get the latest articles and announcements from ALM First.