March 14, 2022 Headlines

Optimism surrounding ongoing Russia/Ukraine cease-fire negotiations is fueling a risk-on trade that has Treasury yields down another 6-9 basis points to start the week. Additionally, fresh Covid outbreaks in China has led the government to institute lockdowns in whole regions of the country, leading to more supply-chain worries. Beyond the conflict in Ukraine, all eyes will be on Wednesday’s FOMC meeting. The Fed is expected to announce the first increase in the fed funds target range since 2018, but more important for market participants will be any guidance on future plans. Fed Chair Powell and his colleagues have been hesitant to provide firm forward guidance to this point because the course of inflation remains uncertain, and the events in Eastern Europe have only added to this uncertainty, particularly as it relates to food and energy inflation. Powell will likely do his best to not limit their options looking forward.

Jason Haley
Chief Investment Officer

Date	Event	Surv(M)	Actual	Prior	Revised
03/15/22	Empire Manufacturing	6.5	—	3.1	—
03/15/22	PPI Final Demand MoM	0.90%	—	1.00%	—
03/15/22	PPI Ex Food and Energy MoM	0.60%	—	0.80%	—
03/15/22	PPI Ex Food, Energy, Trade MoM	0.60%	—	0.90%	—
03/15/22	PPI Final Demand YoY	10.00%	—	9.70%	—
03/15/22	PPI Ex Food and Energy YoY	8.70%	—	8.30%	—
03/15/22	PPI Ex Food, Energy, Trade YoY	7.30%	—	6.90%	—
03/15/22	Net Long-term TIC Flows	—	—	1.15E+11	—
03/15/22	Total Net TIC Flows	—	—	-5.24E+10	—
03/16/22	MBA Mortgage Applications	—	—	8.50%	—
03/16/22	Retail Sales Advance MoM	0.40%	—	3.80%	—
03/16/22	Retail Sales Ex Auto MoM	0.90%	—	3.30%	—
03/16/22	Retail Sales Ex Auto and Gas	0.40%	—	3.80%	—
03/16/22	Retail Sales Control Group	0.30%	—	4.80%	—
03/16/22	Import Price Index MoM	1.60%	—	2.00%	—
03/16/22	Import Price Index ex Petroleum MoM	0.70%	—	1.40%	—
03/16/22	Import Price Index YoY	11.30%	—	10.80%	—
03/16/22	Export Price Index MoM	1.20%	—	2.90%	—
03/16/22	Export Price Index YoY	—	—	15.10%	—
03/16/22	Business Inventories	1.10%	—	2.10%	—
03/16/22	NAHB Housing Market Index	81	—	82	—
03/16/22	FOMC Rate Decision (Lower Bound)	0.25%	—	0.00%	—
03/16/22	FOMC Rate Decision (Upper Bound)	0.50%	—	0.25%	—
03/16/22	Interest on Reserve Balances Rate	0.40%	—	0.15%	—
03/17/22	Housing Starts	1.70E+06	—	1.64E+06	—
03/17/22	Building Permits	1.85E+06	—	1.90E+06	1.90E+06
03/17/22	Housing Starts MoM	3.80%	—	-4.10%	—
03/17/22	Building Permits MoM	-2.40%	—	0.70%	0.50%
03/17/22	Philadelphia Fed Business Outlook	15	—	16	—
03/17/22	Initial Jobless Claims	220000	—	227000	—
03/17/22	Continuing Claims	1.48E+06	—	1.49E+06	—
03/17/22	Industrial Production MoM	0.50%	—	1.40%	—
03/17/22	Capacity Utilization	77.90%	—	77.60%	—
03/17/22	Manufacturing (SIC) Production	1.00%	—	0.20%	—
03/18/22	Existing Home Sales	6.10E+06	—	6.50E+06	—
03/18/22	Existing Home Sales MoM	-6.20%	—	6.70%	—
03/18/22	Leading Index	0.30%	—	-0.30%	—

Subscribe Today!

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

Recent Articles

December 8, 2023 Headlines December 8, 2023
December 7, 2023 Headlines December 7, 2023
December 6, 2023 Headlines December 6, 2023

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.