October 7, 2019 Headlines

A modest risk-off tone has S&P 500 futures in the red to start the week, and Treasury yields are unchanged to slightly higher on the day. Articles over the weekend suggested that the range of topics that China is willing to discuss in this week’s trade negotiations is much more limited, with some of the White House’s core demands off the table. This week’s economic calendar is headlined by the September CPI report (Thursday), as well as the release of the September 18 FOMC minutes (Wednesday). A multitude of Fed leaders will be speaking this week, including Jerome Powell at two separate events. 

Jason Haley
Managing Director, Investment Management Group

10/7/2019Consumer Credit$15.000b$23.294b
10/7/2019Monthly Budget Statement$93.0b$119.1b
10/8/2019NFIB Small Business Optimism102103.1
10/8/2019PPI Final Demand MoM0.10%0.10%
10/8/2019PPI Ex Food and Energy MoM0.20%0.30%
10/8/2019PPI Ex Food, Energy, Trade MoM0.20%0.40%
10/8/2019PPI Final Demand YoY1.80%1.80%
10/8/2019PPI Ex Food and Energy YoY2.30%2.30%
10/8/2019PPI Ex Food, Energy, Trade YoY1.90%
10/9/2019MBA Mortgage Applications8.10%
10/9/2019JOLTS Job Openings72507217
10/9/2019Wholesale Trade Sales MoM0.30%
10/9/2019Wholesale Inventories MoM0.40%0.40%
10/9/2019FOMC Meeting Minutes
10/10/2019Real Avg Weekly Earnings YoY1.20%1.10%
10/10/2019Real Avg Hourly Earning YoY1.50%1.40%
10/10/2019CPI MoM0.10%0.10%
10/10/2019CPI Ex Food and Energy MoM0.20%0.30%
10/10/2019CPI YoY1.80%1.70%
10/10/2019CPI Ex Food and Energy YoY2.40%2.40%
10/10/2019CPI Core Index SA264.7264.245
10/10/2019CPI Index NSA256.938256.558
10/10/2019Initial Jobless Claims220k219k
10/10/2019Continuing Claims1651k1651k
10/10/2019Bloomberg Consumer Comfort62
10/11/2019Import Price Index MoM0.00%-0.50%
10/11/2019Import Price Index ex Petroleum MoM-0.10%0.00%
10/11/2019Import Price Index YoY-2.10%-2.00%
10/11/2019Export Price Index MoM0.00%-0.60%
10/11/2019Export Price Index YoY-1.40%
10/11/2019Bloomberg Oct. United States Economic Survey
10/11/2019U. of Mich. Sentiment9293.2
10/11/2019U. of Mich. Current Conditions108.5
10/11/2019U. of Mich. Expectations83.4
10/11/2019U. of Mich. 1 Yr Inflation2.80%
10/11/2019U. of Mich. 5-10 Yr Inflation2.40%








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