Treasury yields are 6-8 bps lower across the curve after the bear flattening move following the Fed’s 25 bps rate hike yesterday.
The front of the curve moved higher after the rate hike and the Fed’s suggestion of another hike by the end of the year. The market is currently pricing in a 75% chance of a rate hike by December. Yields reversed course this morning following oil moving lower. Brent crude is down 4%, which has also helped S&P futures rise 1.4%. Investors will be watching supply disruptions in the Middle East closely, as oil prices are the headline risk to not getting inflation under control.
Kirby Hart
Director
| Date | Event | Survey | Actual | Prior | Revised |
| 9/17/2026 | Philadelphia Fed Business Outlook | 32.1 | 37.8 | 47.4 | — |
| 9/17/2026 | Initial Jobless Claims | 207k | 196k | 206k | — |
| 9/17/2026 | Initial Claims 4-Wk Moving Avg | — | 203.25k | 206.00k | — |
| 9/17/2026 | Continuing Claims | 1779k | 1730k | 1774k | 1769k |
| 9/17/2026 | Housing Starts | 1320k | 1275k | 1239k | 1309k |
| 9/17/2026 | Housing Starts MoM | 6.70% | -2.60% | -12.40% | -9.00% |
| 9/17/2026 | Building Permits | 1408k | 1394k | 1433k | — |
| 9/17/2026 | Building Permits MoM | -1.50% | -2.70% | 4.30% | — |
| 9/17/2026 | Pending Home Sales MoM | -0.10% | — | -2.30% | — |
| 9/17/2026 | Pending Home Sales NSA YoY | -3.90% | — | -2.50% | — |
| 9/18/2026 | Industrial Production MoM | 0.30% | — | 0.20% | — |
| 9/18/2026 | Manufacturing Production MoM | 0.30% | — | 0.20% | — |
| 9/18/2026 | Capacity Utilization | 76.40% | — | 76.30% | — |
| 9/18/2026 | Leading Index | 0.10% | — | 0.20% | — |
| 9/21/2026 | Fed’s Goolsbee Speaks at Event | ||||
| 9/21/2026 | Chicago Fed Nat Activity Index | -0.06 | — | -0.08 | — |
| 9/22/2026 | ADP Weekly Employment Change | — | — | 16.250k | — |
| 9/22/2026 | Philadelphia Fed Non-Manufacturing Activity | — | — | -10.6 | — |
| 9/22/2026 | Richmond Fed Manufact. Index | — | — | 4 | — |
| 9/22/2026 | Richmond Fed Business Conditions | — | — | -12 | — |
| 9/23/2026 | MBA Mortgage Applications | — | — | -4.10% | — |
| 9/23/2026 | S&P Global US Manufacturing PMI | — | — | 53.9 | — |
| 9/23/2026 | S&P Global US Services PMI | — | — | 56.5 | — |
| 9/23/2026 | S&P Global US Composite PMI | — | — | 56 | — |
| 9/24/2026 | Current Account Balance | — | — | -$226.8b | — |
| 9/24/2026 | Initial Jobless Claims | — | — | 196k | — |
| 9/24/2026 | Initial Claims 4-Wk Moving Avg | — | — | 203.25k | — |
| 9/24/2026 | Continuing Claims | — | — | 1730k | — |
| 9/24/2026 | New Home Sales | 615k | — | 607k | — |
| 9/24/2026 | New Home Sales MoM | 1.30% | — | -10.50% | — |
| 9/24/2026 | Kansas City Fed Manf. Activity | — | — | 10 | — |
| 9/24/2026 | Building Permits | — | — | 1394k | — |
| 9/24/2026 | Building Permits MoM | — | — | -2.70% | — |