Treasuries moved higher and the curve shifted flatter in response to the release of the FOMC minutes. September PPI came in as expected at 0.4% and the core reading, which excludes food and energy increased by 0.4%, 0.2% higher than expected. Approximately 80% of the increase in September was a result of higher gasoline prices stemming from the impact of Hurricane Harvey on the Gulf Coast. However, since the uptick in prices should move lower as gas production returns to normal.
Hafizan Hamzah
Director, Investment Management Group
| Date | Event | Survey | Actual | Prior |
| 10/10/2017 | NFIB Small Business Optimism | 105 | 103 | 105.3 |
| 10/11/2017 | MBA Mortgage Applications | — | -2.10% | -0.40% |
| 10/11/2017 | JOLTS Job Openings | 6125 | 6082 | 6170 |
| 10/11/2017 | FOMC Meeting Minutes | — | — | — |
| 10/12/2017 | PPI Final Demand MoM | 0.40% | 0.40% | 0.20% |
| 10/12/2017 | PPI Ex Food and Energy MoM | 0.20% | 0.40% | 0.10% |
| 10/12/2017 | PPI Ex Food, Energy, Trade MoM | 0.20% | 0.20% | 0.20% |
| 10/12/2017 | PPI Final Demand YoY | 2.60% | 2.60% | 2.40% |
| 10/12/2017 | PPI Ex Food and Energy YoY | 2.00% | 2.20% | 2.00% |
| 10/12/2017 | PPI Ex Food, Energy, Trade YoY | — | 2.10% | 1.90% |
| 10/12/2017 | Initial Jobless Claims | 250k | 243k | 260k |
| 10/12/2017 | Continuing Claims | 1930k | 1889k | 1938k |
| 10/12/2017 | Bloomberg Consumer Comfort | — | 49.5 | 49.9 |
| 10/12/2017 | Monthly Budget Statement | $6.0b | — | $33.4b |
| 10/13/2017 | CPI MoM | 0.60% | — | 0.40% |
| 10/13/2017 | CPI Ex Food and Energy MoM | 0.20% | — | 0.20% |
| 10/13/2017 | CPI YoY | 2.30% | — | 1.90% |
| 10/13/2017 | CPI Ex Food and Energy YoY | 1.80% | — | 1.70% |
| 10/13/2017 | CPI Core Index SA | 253.017 | — | 252.54 |
| 10/13/2017 | CPI Index NSA | 246.933 | — | 245.519 |
| 10/13/2017 | Real Avg Weekly Earnings YoY | — | — | 0.90% |
| 10/13/2017 | Retail Sales Advance MoM | 1.70% | — | -0.20% |
| 10/13/2017 | Real Avg Hourly Earning YoY | — | — | 0.60% |
| 10/13/2017 | Retail Sales Ex Auto MoM | 0.90% | — | 0.20% |
| 10/13/2017 | Retail Sales Ex Auto and Gas | 0.40% | — | -0.10% |
| 10/13/2017 | Retail Sales Control Group | 0.40% | — | -0.20% |
| 10/13/2017 | U. of Mich. Sentiment | 95 | — | 95.1 |
| 10/13/2017 | U. of Mich. Current Conditions | 111.6 | — | 111.7 |
| 10/13/2017 | U. of Mich. Expectations | 85.3 | — | 84.4 |
| 10/13/2017 | U. of Mich. 1 Yr Inflation | — | — | 2.70% |
| 10/13/2017 | U. of Mich. 5-10 Yr Inflation | — | — | 2.50% |
| 10/13/2017 | Business Inventories | 0.70% | — | 0.20% |