Treasury prices are up a bit after traders in Japan returned from their long weekend. Oil extended its rally with prices pushing north of $50 a barrel as supply has fallen in Iraq and Saudi Arabia, while equities are mixed ahead of tomorrow’s Fed meeting. The market is not expecting the Fed to move the target rate higher at the meeting but investors are expecting the official announcement of balance sheet reduction. Given how transparent the central bank has been regarding their plan, the market reaction should be fairly subdued.

Hafizan Hamzah
Director, Investment Management Group

Date TimeEvent SurveyActualPriorRevised
09/19/2017 08:30Housing StartsAug1174k1180k1155k1190k
09/19/2017 08:30Housing Starts MoMAug1.70%-0.80%-4.80%-2.20%
09/19/2017 08:30Building PermitsAug1220k1300k1223k1230k
09/19/2017 08:30Building Permits MoMAug-0.80%5.70%-4.10%-3.50%
09/19/2017 08:30Current Account Balance2Q-$116.0b-$123.1b-$116.8b-$113.5b
09/19/2017 08:30Import Price Index MoMAug0.40%0.60%0.10%-0.10%
09/19/2017 08:30Import Price Index ex Petroleum MoMAug0.20%0.30%0.00%-0.10%
09/19/2017 08:30Import Price Index YoYAug2.20%2.10%1.50%1.20%
09/19/2017 08:30Export Price Index MoMAug0.20%0.60%0.40%0.50%
09/19/2017 08:30Export Price Index YoYAug2.30%0.80%0.90%
09/20/2017 07:00MBA Mortgage Applications15-Sep9.90%
09/20/2017 10:00Existing Home SalesAug5.46m5.44m
09/20/2017 10:00Existing Home Sales MoMAug0.30%-1.30%
09/20/2017 14:00FOMC Rate Decision (Upper Bound)20-Sep1.25%1.25%
09/20/2017 14:00FOMC Rate Decision (Lower Bound)20-Sep1.00%1.00%
09/21/2017 08:30Initial Jobless Claims16-Sep300k284k
09/21/2017 08:30Continuing Claims9-Sep1975k1944k
09/21/2017 08:30Philadelphia Fed Business OutlookSep17.218.9
09/21/2017 09:00FHFA House Price Index MoMJul0.40%0.10%
09/21/2017 09:45Bloomberg Consumer Comfort17-Sep51.9
09/21/2017 09:45Bloomberg Economic ExpectationsSep54
09/21/2017 10:00Leading IndexAug0.30%0.30%
09/21/2017 12:00Household Change in Net Worth2Q$2347b
09/22/2017 09:45Markit US Manufacturing PMISep P5352.8
09/22/2017 09:45Markit US Services PMISep P55.756
09/22/2017 09:45Markit US Composite PMISep P55.3
09/25/2017 08:30Chicago Fed Nat Activity IndexAug-0.01
09/25/2017 10:30Dallas Fed Manf. ActivitySep1317
09/26/2017 09:00S&P CoreLogic CS 20-City MoM SAJul0.11%
09/26/2017 09:00S&P CoreLogic CS 20-City YoY NSAJul5.65%
09/26/2017 09:00S&P CoreLogic CS 20-City NSA IndexJul200.54
09/26/2017 09:00S&P CoreLogic CS US HPI YoY NSAJul5.77%
09/26/2017 09:00S&P CoreLogic CS US HPI NSA IndexJul192.6
09/26/2017 10:00New Home SalesAug600k571k
09/26/2017 10:00New Home Sales MoMAug5.10%-9.40%
09/26/2017 10:00Conf. Board Consumer ConfidenceSep119.3122.9
09/26/2017 10:00Conf. Board Present SituationSep151.2
09/26/2017 10:00Conf. Board ExpectationsSep104
09/26/2017 10:00Richmond Fed Manufact. IndexSep1314