February 26, 2024 Headlines

Rates are essentially unchanged this morning and equity futures are just slightly in the red. This week is a heavy one for data with 4Q GDP out on Wednesday and PCE out on Thursday. The median forecast calls for a 3.3% GDP reading and a 2.7% reading for PCE. There’s also a heavy slate of Fed speakers this week, starting with Atlanta, Boston, and New York Fed presidents on Wednesday.

Hafizan Hamzah
Senior Director, Investment Management Group

Date Event Surv(M) Actual Prior Revised
02/26/24 New Home Sales 684k 664k
02/26/24 New Home Sales MoM 3.00% 8.00%
02/26/24 Dallas Fed Manf. Activity -15 -27.4
02/27/24 Durable Goods Orders -5.00% 0.00%
02/27/24 Durables Ex Transportation 0.20% 0.50%
02/27/24 Cap Goods Orders Nondef Ex Air 0.10% 0.20%
02/27/24 Cap Goods Ship Nondef Ex Air 0.10% 0.00%
02/27/24 House Price Purchase Index QoQ 2.10%
02/27/24 FHFA House Price Index MoM 0.30% 0.30%
02/27/24 S&P CoreLogic CS 20-City MoM SA 0.20% 0.15%
02/27/24 S&P CoreLogic CS 20-City YoY NSA 6.00% 5.40%
02/27/24 S&P CoreLogic CS US HPI YoY NSA 5.14%
02/27/24 Richmond Fed Manufact. Index -8 -15
02/27/24 Conf. Board Consumer Confidence 115 114.8
02/27/24 Conf. Board Present Situation 161.3
02/27/24 Conf. Board Expectations 83.8
02/27/24 Richmond Fed Business Conditions -3
02/27/24 Dallas Fed Services Activity -9.3
02/28/24 MBA Mortgage Applications -10.60%
02/28/24 GDP Annualized QoQ 3.30% 3.30%
02/28/24 Personal Consumption 2.70% 2.80%
02/28/24 GDP Price Index 1.50% 1.50%
02/28/24 Core PCE Price Index QoQ 2.00% 2.00%
02/28/24 Advance Goods Trade Balance -$88.5b -$88.5b -$87.9b
02/28/24 Retail Inventories MoM 0.40% 0.80%
02/28/24 Wholesale Inventories MoM 0.10% 0.40%
02/29/24 Personal Income 0.40% 0.30%
02/29/24 Personal Spending 0.20% 0.70%
02/29/24 Real Personal Spending -0.10% 0.50%
02/29/24 PCE Deflator MoM 0.30% 0.20%
02/29/24 PCE Deflator YoY 2.40% 2.60%
02/29/24 PCE Core Deflator MoM 0.40% 0.20%
02/29/24 PCE Core Deflator YoY 2.80% 2.90%
02/29/24 Initial Jobless Claims 210k 201k
02/29/24 Continuing Claims 1874k 1862k
02/29/24 MNI Chicago PMI 48 46
02/29/24 Pending Home Sales MoM 1.10% 8.30%
02/29/24 Pending Home Sales NSA YoY -1.00%
02/29/24 Kansas City Fed Manf. Activity -9
03/01/24 S&P Global US Manufacturing PMI 51.5 51.5
03/01/24 Construction Spending MoM 0.20% 0.90%
03/01/24 U. of Mich. Sentiment 79.6 79.6
03/01/24 U. of Mich. Current Conditions 81.5
03/01/24 U. of Mich. Expectations 78.4
03/01/24 U. of Mich. 1 Yr Inflation 3.00% 3.00%
03/01/24 U. of Mich. 5-10 Yr Inflation 2.90%
03/01/24 ISM Prices Paid 54.5 52.9
03/01/24 ISM Manufacturing 49.5 49.1
03/01/24 ISM New Orders 52.5
03/01/24 ISM Employment 47.1
03/01/24 Kansas City Fed Services Activity -2
03/01/24 Wards Total Vehicle Sales 15.40m 15.00m

Subscribe Today!

Subscribe to our email list and get the latest articles and announcements from ALM First.

Recent Articles

ALM First offers investment advisory services through ALM First Financial Advisors, LLC, which is registered with the U.S. Securities and Exchange Commission (“SEC”). SEC registration does not constitute an endorsement of the firm by the SEC nor does it indicate that the firm has attained a particular level of skill or ability. The information contained herein does not constitute investment advice or a recommendation for you to purchase or sell any specific security. You are solely responsible for reviewing the content and for any actions you take or choose not to take based on your review of such content. Information contained herein was derived from third party sources as indicated. While such information is believed to be reliable, no representation or warranty is made concerning the accuracy of any information presented. We have not and will not independently verify this information. Where such sources include opinions and projections, such opinions and projections should be ascribed only to the applicable third party source and not to ALM First. Statements herein that reflect projections or expectations of future financial or economic performance are forward-looking statements. Such “forward-looking” statements are based on various assumptions, which assumptions may not prove to be correct. Accordingly, there can be no assurance that such assumptions and statements will accurately predict future events or actual performance. No representation or warranty can be given that the estimates, opinions or assumptions made herein will prove to be accurate. Any projections and forward-looking statements included herein should be considered speculative and are qualified in their entirety by the information and risks disclosed in the confidential offering document. Actual results for any period may or may not approximate such forward-looking statements. No representations or warranties whatsoever are made by ALM First Financial Advisors, LLC or any other person or entity as to the future profitability of investments recommended by ALM First Financial Advisors, LLC.