November 13, 2023 Headlines

Treasury yields are slightly lower this morning and equity futures are in negative territory ahead of the open. The market is focused on tomorrow’s CPI release which is expected to show a 0.1% increase in October. A reading in line with consensus will give investors more confidence that the Fed will cut rates. Later this week we’ll get retail sales data and another look at inflation with the PPI release, both out on Wednesday.

Hafizan Hamzah
Senior Director, Investment Management Group

Date Event Surv(M) Actual Prior Revised
11/13/23 NY Fed 1-Yr Inflation Expectations 3.67%
11/13/23 Monthly Budget Statement -$65.0b -$87.9b
11/14/23 NFIB Small Business Optimism 90.5 90.8
11/14/23 CPI MoM 0.10% 0.40%
11/14/23 CPI Ex Food and Energy MoM 0.30% 0.30%
11/14/23 CPI YoY 3.30% 3.70%
11/14/23 CPI Ex Food and Energy YoY 4.10% 4.10%
11/14/23 CPI Index NSA 307.864 307.789
11/14/23 CPI Core Index SA 311.666 310.661
11/14/23 Real Avg Hourly Earning YoY 0.50%
11/14/23 Real Avg Weekly Earnings YoY -0.10% 0.00%
11/15/23 MBA Mortgage Applications 2.50%
11/15/23 Retail Sales Advance MoM -0.30% 0.70%
11/15/23 Retail Sales Ex Auto MoM -0.10% 0.60%
11/15/23 Retail Sales Ex Auto and Gas 0.20% 0.60%
11/15/23 Retail Sales Control Group 0.20% 0.60%
11/15/23 PPI Final Demand MoM 0.10% 0.50%
11/15/23 PPI Ex Food and Energy MoM 0.30% 0.30%
11/15/23 PPI Ex Food, Energy, Trade MoM 0.20% 0.20%
11/15/23 PPI Final Demand YoY 1.90% 2.20%
11/15/23 PPI Ex Food and Energy YoY 2.70% 2.70%
11/15/23 PPI Ex Food, Energy, Trade YoY 2.80%
11/15/23 Empire Manufacturing -3 -4.6
11/15/23 Business Inventories 0.40% 0.40%
11/16/23 Import Price Index MoM -0.30% 0.10%
11/16/23 New York Fed Services Business Activity -19.1
11/16/23 Import Price Index ex Petroleum MoM -0.30% -0.30%
11/16/23 Import Price Index YoY -1.80% -1.70%
11/16/23 Export Price Index MoM -0.50% 0.70%
11/16/23 Export Price Index YoY -4.10%
11/16/23 Initial Jobless Claims 220k 217k
11/16/23 Continuing Claims 1847k 1834k
11/16/23 Philadelphia Fed Business Outlook -8 -9
11/16/23 Industrial Production MoM -0.30% 0.30%
11/16/23 Capacity Utilization 79.40% 79.70%
11/16/23 Manufacturing (SIC) Production -0.30% 0.40%
11/16/23 NAHB Housing Market Index 40 40
11/16/23 Kansas City Fed Manf. Activity -8
11/16/23 Net Long-term TIC Flows $63.5b
11/16/23 Total Net TIC Flows $134.4b
11/17/23 Building Permits 1450k 1473k 1471k
11/17/23 Building Permits MoM -1.40% -4.40% -4.50%
11/17/23 Housing Starts 1350k 1358k
11/17/23 Housing Starts MoM -0.60% 7.00%
11/17/23 Kansas City Fed Services Activity -1

Subscribe Today!

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

Recent Articles

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.