Treasury yields are 2 to 3 bps higher this morning and equity futures on the major US indices are in the red ahead of the opening.
The Chicago Fed National Activity index rose to 0.05 in February from -0.54 in January, indicating that economic activity picked up last month. The index uses 85 economic indicators to arrive at a value, a reading below zero means that growth was below trend. Later this morning we’ll get new home sales data with the median forecast calling for sales of 677,000 up from January’s number of 661,000.
Hafizan Hamzah
Senior Director, Investment Management Group
| Date | Event | Surv(M) | Actual | Prior | Revised |
| 03/25/24 | Chicago Fed Nat Activity Index | -0.34 | 0.05 | -0.3 | -0.54 |
| 03/25/24 | Bloomberg March United States Economic Survey | ||||
| 03/25/24 | New Home Sales | 677k | — | 661k | — |
| 03/25/24 | New Home Sales MoM | 2.30% | — | 1.50% | — |
| 03/25/24 | Dallas Fed Manf. Activity | -10 | — | -11.3 | — |
| 03/26/24 | Philadelphia Fed Non-Manufacturing Activity | — | — | -8.8 | — |
| 03/26/24 | Durable Goods Orders | 1.00% | — | -6.20% | — |
| 03/26/24 | Durables Ex Transportation | 0.40% | — | -0.40% | — |
| 03/26/24 | Cap Goods Orders Nondef Ex Air | 0.10% | — | 0.00% | — |
| 03/26/24 | Cap Goods Ship Nondef Ex Air | 0.10% | — | 0.90% | — |
| 03/26/24 | FHFA House Price Index MoM | 0.30% | — | 0.10% | — |
| 03/26/24 | S&P CoreLogic CS 20-City MoM SA | 0.20% | — | 0.21% | — |
| 03/26/24 | S&P CoreLogic CS US HPI YoY NSA | — | — | 5.53% | — |
| 03/26/24 | S&P CoreLogic CS 20-City YoY NSA | 6.60% | — | 6.13% | — |
| 03/26/24 | Conf. Board Consumer Confidence | 107 | — | 106.7 | — |
| 03/26/24 | Conf. Board Present Situation | — | — | 147.2 | — |
| 03/26/24 | Conf. Board Expectations | — | — | 79.8 | — |
| 03/26/24 | Richmond Fed Manufact. Index | -5 | — | -5 | — |
| 03/26/24 | Richmond Fed Business Conditions | — | — | -7 | — |
| 03/26/24 | Dallas Fed Services Activity | — | — | -3.9 | — |
| 03/27/24 | MBA Mortgage Applications | — | — | -1.60% | — |
| 03/27/24 | Revisions: Wholesale sales, inventories | ||||
| 03/28/24 | GDP Annualized QoQ | 3.20% | — | 3.20% | — |
| 03/28/24 | Personal Consumption | 3.00% | — | 3.00% | — |
| 03/28/24 | GDP Price Index | 1.60% | — | 1.60% | — |
| 03/28/24 | Core PCE Price Index QoQ | 2.10% | — | 2.10% | — |
| 03/28/24 | Initial Jobless Claims | 212k | — | 210k | — |
| 03/28/24 | Continuing Claims | 1816k | — | 1807k | — |
| 03/28/24 | MNI Chicago PMI | 46 | — | 44 | — |
| 03/28/24 | Pending Home Sales MoM | 1.50% | — | -4.90% | — |
| 03/28/24 | Pending Home Sales NSA YoY | — | — | -6.80% | — |
| 03/28/24 | U. of Mich. Sentiment | 76.5 | — | 76.5 | — |
| 03/28/24 | U. of Mich. Current Conditions | — | — | 79.4 | — |
| 03/28/24 | U. of Mich. Expectations | — | — | 74.6 | — |
| 03/28/24 | U. of Mich. 1 Yr Inflation | 3.00% | — | 3.00% | — |
| 03/28/24 | U. of Mich. 5-10 Yr Inflation | 2.90% | — | 2.90% | — |
| 03/28/24 | Kansas City Fed Manf. Activity | — | — | -4 | — |
| 03/29/24 | Personal Income | 0.40% | — | 1.00% | — |
| 03/29/24 | Personal Spending | 0.50% | — | 0.20% | — |
| 03/29/24 | Real Personal Spending | 0.10% | — | -0.10% | — |
| 03/29/24 | PCE Deflator MoM | 0.40% | — | 0.30% | — |
| 03/29/24 | PCE Deflator YoY | 2.50% | — | 2.40% | — |
| 03/29/24 | PCE Core Deflator MoM | 0.30% | — | 0.40% | — |
| 03/29/24 | PCE Core Deflator YoY | 2.80% | — | 2.80% | — |
| 03/29/24 | Advance Goods Trade Balance | -$89.9b | — | -$90.2b | -$90.5b |
| 03/29/24 | Retail Inventories MoM | 0.40% | — | 0.50% | 0.40% |
| 03/29/24 | Wholesale Inventories MoM | 0.20% | — | -0.30% | — |
| 03/29/24 | Kansas City Fed Services Activity | — | — | 12 | — |
