Treasury yields are essentially unchanged to start the week while equities are mixed as futures on both the Dow and NASDAQ are in the red but the S&P is in positive territory. Today’s economic calendar is light with little data slated to be released but will pick up later this week with CPI on Thursday and PPI on Friday. Headline CPI is expected to show an increase of 0.2% for the month of December while PPI is forecasted to rise by 0.1% for the same period.
Hafizan Hamzah Senior Director, Investment Management Group
Date Event Surv(M) Actual Prior Revised 01/08/24 NY Fed 1-Yr Inflation Expectations — — 3.36% — 01/08/24 Consumer Credit $9.000b — $5.134b — 01/09/24 NFIB Small Business Optimism 91 — 90.6 — 01/09/24 Trade Balance -$65.0b — -$64.3b — 01/10/24 MBA Mortgage Applications — — -10.70% — 01/10/24 Wholesale Inventories MoM -0.20% — -0.20% — 01/10/24 Wholesale Trade Sales MoM — — -1.30% — 01/11/24 CPI MoM 0.20% — 0.10% — 01/11/24 CPI Ex Food and Energy MoM 0.30% — 0.30% — 01/11/24 CPI YoY 3.20% — 3.10% — 01/11/24 CPI Ex Food and Energy YoY 3.80% — 4.00% — 01/11/24 CPI Index NSA 306.551 — 307.051 — 01/11/24 Real Avg Hourly Earning YoY — — 0.80% 0.90% 01/11/24 Real Avg Weekly Earnings YoY — — 0.50% 0.60% 01/11/24 Initial Jobless Claims 210k — 202k — 01/11/24 Continuing Claims 1875k — 1855k — 01/11/24 CPI Core Index SA 313.006 — 312.251 — 01/11/24 Monthly Budget Statement -$62.5b — -$314.0b — 01/12/24 PPI Final Demand MoM 0.10% — 0.00% — 01/12/24 PPI Ex Food and Energy MoM 0.20% — 0.00% — 01/12/24 PPI Ex Food, Energy, Trade MoM 0.20% — 0.10% — 01/12/24 PPI Final Demand YoY 1.30% — 0.90% — 01/12/24 PPI Ex Food and Energy YoY 2.00% — 2.00% — 01/12/24 PPI Ex Food, Energy, Trade YoY — — 2.50% —
Hafizan Hamzah Senior Director, Investment Management Group
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