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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