US Treasury yields climbed higher this morning following a strong rebound in the Philadelphia’s Fed Factory Gauge. The general activity index rose by 21.5 points easing concerns for a manufacturing slowdown by surpassing all economist estimates. Additionally, the US-China trade war has made it back into the headlines as both sides have showed slow progress on key demands. For the US, China has not been purchasing the required volume of agricultural goods. In China’s case, the US has shown no improvements on reducing penalties to the telecom giant Huawei. While it is early in earning season, the sentiment remains that companies are struggling to pass on higher tariff-related costs and wages. Later today, FOMC members Bostic and William will speak on their monetary policy perspectives.
Chris Eckhoff
Associate, Investment Management Group
Date | Event | Survey | Actual | Prior | Revised |
7/15/2019 | Empire Manufacturing | 2 | 4.3 | -8.6 | — |
7/16/2019 | Import Price Index MoM | -0.60% | -0.90% | -0.30% | 0.00% |
7/16/2019 | Import Price Index ex Petroleum MoM | -0.20% | -0.40% | -0.30% | — |
7/16/2019 | Import Price Index YoY | -2.10% | -2.00% | -1.50% | -1.10% |
7/16/2019 | Export Price Index MoM | -0.20% | -0.70% | -0.20% | — |
7/16/2019 | Export Price Index YoY | — | -1.60% | -0.70% | -0.80% |
7/16/2019 | Retail Sales Advance MoM | 0.20% | 0.40% | 0.50% | 0.40% |
7/16/2019 | Retail Sales Ex Auto MoM | 0.10% | 0.40% | 0.50% | 0.40% |
7/16/2019 | Retail Sales Ex Auto and Gas | 0.30% | 0.70% | 0.50% | — |
7/16/2019 | Retail Sales Control Group | 0.30% | 0.70% | 0.50% | 0.60% |
7/16/2019 | Industrial Production MoM | 0.10% | 0.00% | 0.40% | — |
7/16/2019 | Manufacturing (SIC) Production | 0.30% | 0.40% | 0.20% | — |
7/16/2019 | Capacity Utilization | 78.10% | 77.90% | 78.10% | — |
7/16/2019 | NAHB Housing Market Index | 64 | 65 | 64 | — |
7/16/2019 | Business Inventories | 0.30% | 0.30% | 0.50% | — |
7/16/2019 | Net Long-term TIC Flows | — | $3.5b | $46.9b | — |
7/16/2019 | Total Net TIC Flows | — | $32.9b | -$7.8b | -$9.0b |
7/17/2019 | MBA Mortgage Applications | — | -1.10% | -2.40% | — |
7/17/2019 | Housing Starts | 1260k | 1253k | 1269k | 1265k |
7/17/2019 | Housing Starts MoM | -0.70% | -0.90% | -0.90% | -0.40% |
7/17/2019 | Building Permits | 1300k | 1220k | 1294k | 1299k |
7/17/2019 | Building Permits MoM | 0.10% | -6.10% | 0.30% | 0.70% |
7/17/2019 | U.S. Federal Reserve Releases Beige Book | ||||
7/18/2019 | Philadelphia Fed Business Outlook | 5 | 21.8 | 0.3 | — |
7/18/2019 | Initial Jobless Claims | 216k | 216k | 209k | 208k |
7/18/2019 | Continuing Claims | 1700k | 1686k | 1723k | 1728k |
7/18/2019 | Bloomberg Consumer Comfort | — | — | 63.8 | — |
7/18/2019 | Bloomberg Economic Expectations | — | — | 50.5 | — |
7/18/2019 | Leading Index | 0.10% | — | 0.00% | — |
7/19/2019 | U. of Mich. Sentiment | 98.8 | — | 98.2 | — |
7/19/2019 | U. of Mich. Current Conditions | 112.8 | — | 111.9 | — |
7/19/2019 | U. of Mich. Expectations | 90 | — | 89.3 | — |
7/19/2019 | U. of Mich. 1 Yr Inflation | — | — | 2.70% | — |
7/19/2019 | U. of Mich. 5-10 Yr Inflation | — | — | 2.30% | — |
Subscribe Today!
Subscribe to our email list and get the latest articles and announcements from ALM First.