June 25, 2019 Headlines

US Treasuries ended the overnight session essentially unchanged after reversing an initial rally on new Iranian and Chinese headlines. In response to the new sanctions, the Iranian government permanently closed off any chance of a diplomatic solution. With regards to China, three large banks had violated North Korea sanctions which would cut off their access to the US financial system. Today, we are expected to hear from a few Fed members including Chairman Powell, who is expected to discuss monetary policy and the US economy.

Chris Eckhoff
Associate, Investment Management Group

6/24/2019Chicago Fed Nat Activity Index-0.2-0.05-0.45
6/24/2019Dallas Fed Manf. Activity-2-12.1-5.3
6/25/2019FHFA House Price Index MoM0.20%0.40%0.10%
6/25/2019S&P CoreLogic CS 20-City MoM SA0.10%0.00%0.09%
6/25/2019S&P CoreLogic CS 20-City YoY NSA2.50%2.54%2.68%
6/25/2019S&P CoreLogic CS 20-City NSA Index215.61215.68214.09
6/25/2019S&P CoreLogic CS US HPI YoY NSA3.50%3.54%3.72%
6/25/2019S&P CoreLogic CS US HPI NSA Index207.97206.23
6/25/2019Richmond Fed Manufact. Index235
6/25/2019Revisions: Retail Sales
6/25/2019New Home Sales684k626k673k
6/25/2019New Home Sales MoM1.60%-7.80%-6.90%
6/25/2019Conf. Board Consumer Confidence131121.5134.1
6/25/2019Conf. Board Present Situation162.6175.2
6/25/2019Conf. Board Expectations94.1106.6
6/26/2019MBA Mortgage Applications-3.40%
6/26/2019Durable Goods Orders-0.30%-2.10%
6/26/2019Durables Ex Transportation0.10%0.00%
6/26/2019Cap Goods Orders Nondef Ex Air0.10%-1.00%
6/26/2019Cap Goods Ship Nondef Ex Air0.10%0.00%
6/26/2019Advance Goods Trade Balance-$71.8b-$72.1b
6/26/2019Retail Inventories MoM0.30%0.50%
6/26/2019Wholesale Inventories MoM0.50%0.80%
6/27/2019GDP Annualized QoQ3.20%3.10%
6/27/2019Personal Consumption1.30%1.30%
6/27/2019Initial Jobless Claims220k216k
6/27/2019GDP Price Index0.80%0.80%
6/27/2019Continuing Claims1665k1662k
6/27/2019Core PCE QoQ1.00%1.00%
6/27/2019Bloomberg Consumer Comfort61.8
6/27/2019Pending Home Sales MoM1.00%-1.50%
6/27/2019Pending Home Sales NSA YoY0.40%0.40%
6/27/2019Kansas City Fed Manf. Activity14
6/28/2019Personal Income0.30%0.50%
6/28/2019Personal Spending0.50%0.30%
6/28/2019Real Personal Spending0.40%0.00%
6/28/2019PCE Deflator MoM0.20%0.30%
6/28/2019PCE Deflator YoY1.50%1.50%
6/28/2019PCE Core Deflator MoM0.20%0.20%
6/28/2019PCE Core Deflator YoY1.50%1.60%
6/28/2019MNI Chicago PMI53.554.2
6/28/2019U. of Mich. Sentiment9897.9
6/28/2019U. of Mich. Current Conditions112.5
6/28/2019U. of Mich. Expectations88.6
6/28/2019U. of Mich. 1 Yr Inflation2.60%
6/28/2019U. of Mich. 5-10 Yr Inflation2.20%

























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