January 13, 2020 Headlines

A positive risk tone emerged overnight as U.S. tensions with Iran appear to be settling and still  no negative trade headlines to start the year. Regarding the latter, Chinese and U.S. officials are expected to sign the phase one trade agreement in Washington on Wednesday. This week’s economic calendar is headlined by the December CPI report tomorrow and December retail sales on Thursday. Multiple Fed leaders will also be speaking this week, including Eric Rosengren (Boston Fed) today and John Williams (New York Fed) tomorrow.

Jason Haley
Chief Investment Officer

DateEventSurveyActualPriorRevised
1/13/2020Monthly Budget Statement-$15.0b-$13.5b
1/14/2020NFIB Small Business Optimism104.9104.7
1/14/2020Real Avg Weekly Earnings YoY1.10%0.80%
1/14/2020CPI MoM0.30%0.30%
1/14/2020CPI Ex Food and Energy MoM0.20%0.20%
1/14/2020CPI YoY2.40%2.10%
1/14/2020CPI Ex Food and Energy YoY2.30%2.30%
1/14/2020CPI Core Index SA266.09265.62
1/14/2020CPI Index NSA257.17257.21
1/14/2020Real Avg Hourly Earning YoY1.10%
1/15/2020MBA Mortgage Applications13.50%
1/15/2020PPI Final Demand MoM0.20%0.00%
1/15/2020PPI Ex Food and Energy MoM0.20%-0.20%
1/15/2020PPI Ex Food, Energy, Trade MoM0.20%0.00%
1/15/2020PPI Final Demand YoY1.30%1.10%
1/15/2020PPI Ex Food and Energy YoY1.30%1.30%
1/15/2020PPI Ex Food, Energy, Trade YoY1.30%
1/15/2020Empire Manufacturing3.53.5
1/15/2020U.S. Federal Reserve Releases Beige Book
1/16/2020Philadelphia Fed Business Outlook30.32.4
1/16/2020Import Price Index MoM0.40%0.20%
1/16/2020Import Price Index ex Petroleum MoM0.10%0.20%
1/16/2020Import Price Index YoY0.50%-1.30%
1/16/2020Export Price Index MoM0.20%0.20%
1/16/2020Export Price Index YoY-1.30%
1/16/2020Retail Sales Advance MoM0.30%0.20%
1/16/2020Retail Sales Ex Auto MoM0.50%0.10%
1/16/2020Retail Sales Ex Auto and Gas0.40%0.00%
1/16/2020Retail Sales Control Group0.40%0.10%
1/16/2020Initial Jobless Claims218k214k
1/16/2020Continuing Claims1803k
1/16/2020Bloomberg Economic Expectations56.5
1/16/2020Bloomberg Consumer Comfort65.1
1/16/2020Business Inventories-0.10%0.20%
1/16/2020NAHB Housing Market Index7476
1/16/2020Net Long-term TIC Flows$32.5b
1/16/2020Total Net TIC Flows-$48.3b
1/17/2020Housing Starts1380k1365k
1/17/2020Housing Starts MoM1.10%3.20%
1/17/2020Building Permits1460k1482k1482k
1/17/2020Building Permits MoM-1.50%1.40%1.40%
1/17/2020Industrial Production MoM-0.10%1.10%
1/17/2020Capacity Utilization77.00%77.30%
1/17/2020Manufacturing (SIC) Production-0.10%1.10%
1/17/2020U. of Mich. Sentiment99.399.3
1/17/2020U. of Mich. Current Conditions115115.5
1/17/2020U. of Mich. Expectations8988.9
1/17/2020U. of Mich. 1 Yr Inflation2.30%
1/17/2020U. of Mich. 5-10 Yr Inflation2.20%
1/17/2020JOLTS Job Openings72647267

 

 

 

 

 

 

 

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