China’s decision to let its currency weaken relative to the dollar sparked a selloff in Asian currencies and a broad rally in Treasuries overnight.
The move was part of ongoing efforts to stimulate the country’s struggling economy. There are no data releases in the U.S. today, but multiple Fed leaders are scheduled to speak, including Fed Chair Powell this morning at a Fed Listens event. The House is set to vote today on a $1.2 trillion bipartisan spending bill that would fund defense, homeland security, and other discretionary programs. If passed, it would leave the Senate only hours to pass a package of six bills covering 2/3rds of the government’s $1.66 trillion discretionary spending budget to avoid a shutdown.
Jason Haley
Chief Investment Officer
| Date | Event | Survey | Actual | Prior | Revised |
| 3/25/2024 | Chicago Fed Nat Activity Index | -0.34 | — | -0.3 | — |
| 3/25/2024 | Bloomberg March United States Economic Survey | ||||
| 3/25/2024 | New Home Sales | 675k | — | 661k | — |
| 3/25/2024 | New Home Sales MoM | 2.10% | — | 1.50% | — |
| 3/25/2024 | Dallas Fed Manf. Activity | -13 | — | -11.3 | — |
| 3/26/2024 | Philadelphia Fed Non-Manufacturing Activity | — | — | -8.8 | — |
| 3/26/2024 | Durable Goods Orders | 1.40% | — | -6.20% | — |
| 3/26/2024 | Durables Ex Transportation | 0.30% | — | -0.40% | — |
| 3/26/2024 | Cap Goods Orders Nondef Ex Air | 0.10% | — | 0.00% | — |
| 3/26/2024 | Cap Goods Ship Nondef Ex Air | — | — | 0.90% | — |
| 3/26/2024 | FHFA House Price Index MoM | — | — | 0.10% | — |
| 3/26/2024 | S&P CoreLogic CS 20-City MoM SA | 0.20% | — | 0.21% | — |
| 3/26/2024 | S&P CoreLogic CS US HPI YoY NSA | — | — | 5.53% | — |
| 3/26/2024 | S&P CoreLogic CS 20-City YoY NSA | — | — | 6.13% | — |
| 3/26/2024 | Conf. Board Consumer Confidence | 107 | — | 106.7 | — |
| 3/26/2024 | Conf. Board Present Situation | — | — | 147.2 | — |
| 3/26/2024 | Conf. Board Expectations | — | — | 79.8 | — |
| 3/26/2024 | Richmond Fed Manufact. Index | — | — | -5 | — |
| 3/26/2024 | Richmond Fed Business Conditions | — | — | -7 | — |
| 3/26/2024 | Dallas Fed Services Activity | — | — | -3.9 | — |
| 3/27/2024 | MBA Mortgage Applications | — | — | -1.60% | — |
| 3/27/2024 | Revisions: Wholesale sales, inventories | ||||
| 3/28/2024 | GDP Annualized QoQ | 3.20% | — | 3.20% | — |
| 3/28/2024 | Personal Consumption | — | — | 3.00% | — |
| 3/28/2024 | GDP Price Index | 1.60% | — | 1.60% | — |
| 3/28/2024 | Core PCE Price Index QoQ | — | — | 2.10% | — |
| 3/28/2024 | Initial Jobless Claims | — | — | 210k | — |
| 3/28/2024 | Continuing Claims | — | — | 1807k | — |
| 3/28/2024 | MNI Chicago PMI | 46 | — | 44 | — |
| 3/28/2024 | Pending Home Sales MoM | — | — | -4.90% | — |
| 3/28/2024 | Pending Home Sales NSA YoY | — | — | -6.80% | — |
| 3/28/2024 | U. of Mich. Sentiment | 76.6 | — | 76.5 | — |
| 3/28/2024 | U. of Mich. Current Conditions | — | — | 79.4 | — |
| 3/28/2024 | U. of Mich. Expectations | — | — | 74.6 | — |
| 3/28/2024 | U. of Mich. 1 Yr Inflation | — | — | 3.00% | — |
| 3/28/2024 | U. of Mich. 5-10 Yr Inflation | — | — | 2.90% | — |
| 3/28/2024 | Kansas City Fed Manf. Activity | — | — | -4 | — |
| 3/29/2024 | Personal Income | 0.40% | — | 1.00% | — |
| 3/29/2024 | Personal Spending | 0.50% | — | 0.20% | — |
| 3/29/2024 | Real Personal Spending | — | — | -0.10% | — |
| 3/29/2024 | PCE Deflator MoM | 0.40% | — | 0.30% | — |
| 3/29/2024 | PCE Deflator YoY | 2.50% | — | 2.40% | — |
| 3/29/2024 | PCE Core Deflator MoM | 0.30% | — | 0.40% | — |
| 3/29/2024 | PCE Core Deflator YoY | 2.80% | — | 2.80% | — |
| 3/29/2024 | Advance Goods Trade Balance | -$89.7b | — | -$90.2b | -$90.5b |
| 3/29/2024 | Retail Inventories MoM | — | — | 0.50% | 0.40% |
| 3/29/2024 | Wholesale Inventories MoM | — | — | -0.30% | — |
| 3/29/2024 | Kansas City Fed Services Activity | — | — | 12 | — |
