September 24, 2019 Headlines

Overnight headlines displayed easing trade tensions between the US and China while economic indicators abroad reminded investors of slowing global growth. US Treasury Secretary Steven Mnuchin confirmed that the Chinese Vice Premier Liu He will be heading to Washington in October. Additionally, the Chinese government has given new waivers to purchase soybeans without being subject to retaliatory tariffs. In Germany, the Bundesbank’s monthly report highlights the struggling industrial sector which could result in GDP contracting for the 3rd quarter amid a positive outlook of private consumption and construction activity. There are no scheduled US economic releases until Thursday, however, Chicago Fed President Charles Evans will be speaking on the economic outlook and monetary policy on Wednesday.

Chris Eckhoff
Associate, Investment Management Group

Date	Event	Survey	Actual	Prior	Revised
9/23/2019	Chicago Fed Nat Activity Index	-0.03	0.1	-0.36	-0.41
9/23/2019	Markit US Manufacturing PMI	50.4	51	50.3	—
9/23/2019	Markit US Services PMI	51.4	50.9	50.7	—
9/23/2019	Markit US Composite PMI	—	51	50.7	—
9/24/2019	FHFA House Price Index MoM	0.30%	0.40%	0.20%	—
9/24/2019	S&P CoreLogic CS 20-City MoM SA	0.10%	0.02%	0.04%	0.06%
9/24/2019	S&P CoreLogic CS 20-City YoY NSA	2.10%	2.00%	2.13%	2.16%
9/24/2019	S&P CoreLogic CS 20-City NSA Index	—	218	217.65	217.72
9/24/2019	S&P CoreLogic CS US HPI YoY NSA	2.90%	3.18%	3.13%	3.25%
9/24/2019	S&P CoreLogic CS US HPI NSA Index	—	211.7	210.71	210.9
9/24/2019	Richmond Fed Manufact. Index	1	-9	1	—
9/24/2019	Conf. Board Consumer Confidence	133	125.1	135.1	134.2
9/24/2019	Conf. Board Present Situation	—	169	177.2	—
9/24/2019	Conf. Board Expectations	—	95.8	107	—
9/25/2019	MBA Mortgage Applications	—	—	-0.10%	—
9/25/2019	New Home Sales	658k	—	635k	—
9/25/2019	New Home Sales MoM	3.60%	—	-12.80%	—
9/26/2019	GDP Annualized QoQ	2.00%	—	2.00%	—
9/26/2019	Personal Consumption	4.70%	—	4.70%	—
9/26/2019	GDP Price Index	2.40%	—	2.40%	—
9/26/2019	Core PCE QoQ	1.70%	—	1.70%	—
9/26/2019	Advance Goods Trade Balance	-$73.5b	—	-$72.3b	—
9/26/2019	Retail Inventories MoM	0.10%	—	0.80%	0.80%
9/26/2019	Wholesale Inventories MoM	0.10%	—	0.20%	—
9/26/2019	Initial Jobless Claims	212k	—	208k	—
9/26/2019	Continuing Claims	1666k	—	1661k	—
9/26/2019	Bloomberg Consumer Comfort	—	—	62.7	—
9/26/2019	Pending Home Sales MoM	1.00%	—	-2.50%	—
9/26/2019	Pending Home Sales NSA YoY	1.30%	—	1.70%	—
9/26/2019	Kansas City Fed Manf. Activity	-4	—	-6	—
9/27/2019	Personal Income	0.40%	—	0.10%	—
9/27/2019	Durable Goods Orders	-1.20%	—	2.00%	—
9/27/2019	Personal Spending	0.30%	—	0.60%	—
9/27/2019	Durables Ex Transportation	0.20%	—	-0.40%	—
9/27/2019	Real Personal Spending	0.20%	—	0.40%	—
9/27/2019	Cap Goods Orders Nondef Ex Air	0.00%	—	0.20%	—
9/27/2019	PCE Deflator MoM	0.10%	—	0.20%	—
9/27/2019	Cap Goods Ship Nondef Ex Air	0.30%	—	-0.60%	—
9/27/2019	PCE Deflator YoY	1.40%	—	1.40%	—
9/27/2019	PCE Core Deflator MoM	0.20%	—	0.20%	—
9/27/2019	PCE Core Deflator YoY	1.80%	—	1.60%	—
9/27/2019	U. of Mich. Sentiment	92.1	—	92	—
9/27/2019	U. of Mich. Current Conditions	—	—	106.9	—
9/27/2019	U. of Mich. Expectations	—	—	82.4	—
9/27/2019	U. of Mich. 1 Yr Inflation	—	—	2.80%	—
9/27/2019	U. of Mich. 5-10 Yr Inflation	—	—	2.30%	—

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