November 20, 2023 Headlines

Treasury yields are 2 to 5 bps higher across the curve while equity futures are slightly lower ahead of the open. The economic calendar is light this holiday-shortened week. Eyes will be on tomorrow’s release of the most recent FOMC minutes as investors look to get a better idea of the Fed’s thinking in light of recent inflation prints.

Hafizan Hamzah
Senior Director, Investment Management Group

Date Event Surv(M) Actual Prior Revised
11/20/23 Leading Index -0.70% -0.70%
11/21/23 Chicago Fed Nat Activity Index 0 0.02
11/21/23 Philadelphia Fed Non-Manufacturing Activity -20.3
11/21/23 Existing Home Sales 3.90m 3.96m
11/21/23 Existing Home Sales MoM -1.50% -2.00%
11/21/23 FOMC Meeting Minutes
11/22/23 MBA Mortgage Applications 2.80%
11/22/23 Initial Jobless Claims 225k 231k
11/22/23 Continuing Claims 1875k 1865k
11/22/23 Durable Goods Orders -3.20% 4.60%
11/22/23 Durables Ex Transportation 0.10% 0.40%
11/22/23 Cap Goods Orders Nondef Ex Air 0.20% 0.50%
11/22/23 Cap Goods Ship Nondef Ex Air 0.10% -0.10%
11/22/23 U. of Mich. Sentiment 61 60.4
11/22/23 U. of Mich. Current Conditions 65.7
11/22/23 U. of Mich. Expectations 56.9
11/22/23 U. of Mich. 1 Yr Inflation 4.40%
11/22/23 U. of Mich. 5-10 Yr Inflation 3.20%
11/24/23 S&P Global US Manufacturing PMI 49.9 50
11/24/23 S&P Global US Services PMI 50.4 50.6
11/24/23 S&P Global US Composite PMI 50.3 50.7

 

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