July 29, 2019 Headlines

US and European equities are higher this morning alongside US Treasuries in what was a quiet trading session leading up to the FOMC decision on Wednesday. While the central bank has already hinted at easing policy at the upcoming meeting, the press conference will provide an opportunity to gauge the future monetary policy trajectory. In addition, global trade has shifted back into the spotlight with the US and China set to gather Tuesday for two days of talks for the first time in three months since negotiations broke down. President Trump has also threatened to levy tariffs on French wine in response to a digital tax placed on American technology companies.

Chris Eckhoff
Associate, Investment Management Group

Date Event Survey Actual Prior Revised
7/29/2019 Dallas Fed Manf. Activity -5.5 -12.1
7/30/2019 Personal Income 0.40% 0.50%
7/30/2019 Personal Spending 0.30% 0.40%
7/30/2019 Real Personal Spending 0.20% 0.20%
7/30/2019 PCE Deflator MoM 0.10% 0.20%
7/30/2019 PCE Deflator YoY 1.50% 1.50%
7/30/2019 PCE Core Deflator MoM 0.20% 0.20%
7/30/2019 PCE Core Deflator YoY 1.70% 1.60%
7/30/2019 S&P CoreLogic CS 20-City MoM SA 0.20% 0.00%
7/30/2019 S&P CoreLogic CS 20-City YoY NSA 2.40% 2.54%
7/30/2019 S&P CoreLogic CS 20-City NSA Index 215.68
7/30/2019 S&P CoreLogic CS US HPI YoY NSA 3.54%
7/30/2019 S&P CoreLogic CS US HPI NSA Index 207.97
7/30/2019 Pending Home Sales MoM 0.50% 1.10%
7/30/2019 Pending Home Sales NSA YoY 0.40% -0.80%
7/30/2019 Conf. Board Consumer Confidence 125 121.5
7/30/2019 Conf. Board Present Situation 162.6
7/30/2019 Conf. Board Expectations 94.1
7/31/2019 MBA Mortgage Applications -1.90%
7/31/2019 ADP Employment Change 150k 102k
7/31/2019 Employment Cost Index 0.70% 0.70%
7/31/2019 MNI Chicago PMI 51.2 49.7
7/31/2019 FOMC Rate Decision (Upper Bound) 2.25% 2.50%
7/31/2019 FOMC Rate Decision (Lower Bound) 2.00% 2.25%
7/31/2019 Interest Rate on Excess Reserves 2.10% 2.35%
8/1/2019 Challenger Job Cuts YoY 12.80%
8/1/2019 Initial Jobless Claims 214k 206k
8/1/2019 Continuing Claims 1680k 1676k
8/1/2019 Bloomberg Consumer Comfort 63.7
8/1/2019 Markit US Manufacturing PMI 50 50
8/1/2019 ISM Manufacturing 52 51.7
8/1/2019 ISM Employment 54.5
8/1/2019 ISM Prices Paid 49.1 47.9
8/1/2019 ISM New Orders 50
8/1/2019 Construction Spending MoM 0.30% -0.80%
8/1/2019 Wards Total Vehicle Sales 16.90m 17.30m
8/2/2019 Change in Nonfarm Payrolls 166k 224k
8/2/2019 Two-Month Payroll Net Revision
8/2/2019 Change in Private Payrolls 166k 191k
8/2/2019 Change in Manufact. Payrolls 5k 17k
8/2/2019 Unemployment Rate 3.70% 3.70%
8/2/2019 Average Hourly Earnings MoM 0.20% 0.20%
8/2/2019 Average Hourly Earnings YoY 3.10% 3.10%
8/2/2019 Average Weekly Hours All Employees 34.4 34.4
8/2/2019 Labor Force Participation Rate 62.90%
8/2/2019 Underemployment Rate 7.20%
8/2/2019 Trade Balance -$54.6b -$55.5b
8/2/2019 Factory Orders 0.70% -0.70%
8/2/2019 Factory Orders Ex Trans 0.10%
8/2/2019 Durable Goods Orders 2.00%
8/2/2019 Durables Ex Transportation 1.20%
8/2/2019 Cap Goods Orders Nondef Ex Air 1.90%
8/2/2019 Cap Goods Ship Nondef Ex Air 0.60%
8/2/2019 U. of Mich. Sentiment 98.5 98.4
8/2/2019 U. of Mich. Current Conditions 111.1
8/2/2019 U. of Mich. Expectations 90.1
8/2/2019 U. of Mich. 1 Yr Inflation 2.60%
8/2/2019 U. of Mich. 5-10 Yr Inflation 2.60%











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