Treasury yields are 1 to 2 bps higher this morning, while futures on the Dow and S&P are pointing to a higher open, up 0.53% and 0.58%, respectively.
The economic calendar is light today but picks up later this week with the second reading of Q4 GDP (2.3% annualized paced expected) on Thursday and PCE inflation data on Friday.
Hafizan Hamzah
Senior Director, Investment Management Group
| Date | Event | Surv(M) | Actual | Prior |
| 02/24/25 | Chicago Fed Nat Activity Index | -0.05 | -0.03 | 0.15 |
| 02/24/25 | Dallas Fed Manf. Activity | 6.4 | — | 14.1 |
| 02/25/25 | Philadelphia Fed Non-Manufacturing Activity | — | — | -9.1 |
| 02/25/25 | FHFA House Price Index MoM | — | — | 0.30% |
| 02/25/25 | House Price Purchase Index QoQ | 0.30% | — | 0.70% |
| 02/25/25 | S&P CoreLogic CS 20-City MoM SA | 0.40% | — | 0.41% |
| 02/25/25 | S&P CoreLogic CS 20-City YoY NSA | 4.45% | — | 4.33% |
| 02/25/25 | S&P CoreLogic CS US HPI YoY NSA | — | — | 3.75% |
| 02/25/25 | Conf. Board Consumer Confidence | 102.7 | — | 104.1 |
| 02/25/25 | Conf. Board Present Situation | — | — | 134.3 |
| 02/25/25 | Conf. Board Expectations | — | — | 83.9 |
| 02/25/25 | Richmond Fed Manufact. Index | -3 | — | -4 |
| 02/25/25 | Richmond Fed Business Conditions | — | — | 7 |
| 02/25/25 | Dallas Fed Services Activity | — | — | 7.4 |
| 02/26/25 | MBA Mortgage Applications | — | — | -6.60% |
| 02/26/25 | New Home Sales | 675k | — | 698k |
| 02/26/25 | New Home Sales MoM | -3.30% | — | 3.60% |
| 02/26/25 | Building Permits | — | — | 1483k |
| 02/26/25 | Building Permits MoM | — | — | 0.10% |
| 02/27/25 | GDP Annualized QoQ | 2.30% | — | 2.30% |
| 02/27/25 | Personal Consumption | 4.10% | — | 4.20% |
| 02/27/25 | GDP Price Index | 2.20% | — | 2.20% |
| 02/27/25 | Core PCE Price Index QoQ | 2.50% | — | 2.50% |
| 02/27/25 | Durable Goods Orders | 2.00% | — | -2.20% |
| 02/27/25 | Durables Ex Transportation | 0.20% | — | 0.30% |
| 02/27/25 | Cap Goods Orders Nondef Ex Air | 0.30% | — | 0.40% |
| 02/27/25 | Cap Goods Ship Nondef Ex Air | 0.30% | — | 0.50% |
| 02/27/25 | Initial Jobless Claims | 221k | — | 219k |
| 02/27/25 | Continuing Claims | 1872k | — | 1869k |
| 02/27/25 | Pending Home Sales MoM | -0.80% | — | -5.50% |
| 02/27/25 | Pending Home Sales NSA YoY | — | — | -2.90% |
| 02/27/25 | Kansas City Fed Manf. Activity | — | — | -5 |
| 02/28/25 | Advance Goods Trade Balance | -$115.0b | — | -$122.1b |
| 02/28/25 | Retail Inventories MoM | 0.20% | — | -0.30% |
| 02/28/25 | Personal Income | 0.40% | — | 0.40% |
| 02/28/25 | Personal Spending | 0.20% | — | 0.70% |
| 02/28/25 | Real Personal Spending | -0.10% | — | 0.40% |
| 02/28/25 | Wholesale Inventories MoM | 0.10% | — | -0.50% |
| 02/28/25 | PCE Price Index MoM | 0.30% | — | 0.30% |
| 02/28/25 | PCE Price Index YoY | 2.50% | — | 2.60% |
| 02/28/25 | Core PCE Price Index MoM | 0.30% | — | 0.20% |
| 02/28/25 | Core PCE Price Index YoY | 2.60% | — | 2.80% |
| 02/28/25 | MNI Chicago PMI | 40.3 | — | 39.5 |
| 02/28/25 | Kansas City Fed Services Activity | — | — | -4 |
