Treasury yields are roughly 2 bps higher across the curve following solid data out of Europe and after OPEC showed little desire to boost production after prodding from President Trump. US equity futures are pointing to a lower open after China canceled trade talks with American officials in response to new tariffs. The market will be focused on the Fed’s FOMC meeting this Wednesday with the Fed expected to raise rates another 25 bps.

Hafizan Hamzah
Director, Investment Management Group

 

DateEventSurv(M)ActualPriorRevised
09/24Chicago Fed Nat Activity Index0.20.180.130.18
09/24Dallas Fed Manf. Activity3130.9
09/25FHFA House Price Index MoM0.30%0.20%
09/25S&P CoreLogic CS 20-City MoM SA0.10%0.11%
09/25S&P CoreLogic CS 20-City YoY NSA6.20%6.31%
09/25S&P CoreLogic CS 20-City NSA Index213.07
09/25S&P CoreLogic CS US HPI NSA Index204.48
09/25S&P CoreLogic CS US HPI YoY NSA6.24%
09/25Richmond Fed Manufact. Index2124
09/25Conf. Board Consumer Confidence132133.4
09/25Conf. Board Present Situation172.2
09/25Conf. Board Expectations107.6
09/26MBA Mortgage Applications1.60%
09/26New Home Sales630k627k
09/26New Home Sales MoM0.50%-1.70%
09/26FOMC Rate Decision (Upper Bound)2.25%2.00%
09/26FOMC Rate Decision (Lower Bound)2.00%1.75%
09/26Interest Rate on Excess Reserves1.95%
09/27Advance Goods Trade Balance-$70.6b-$72.2b-$72.0b
09/27Wholesale Inventories MoM0.30%0.60%
09/27Retail Inventories MoM0.40%0.50%
09/27GDP Annualized QoQ4.20%4.20%
09/27Personal Consumption3.80%3.80%
09/27GDP Price Index3.00%3.00%
09/27Core PCE QoQ2.00%2.00%
09/27Durable Goods Orders1.90%-1.70%
09/27Durables Ex Transportation0.40%0.10%
09/27Cap Goods Orders Nondef Ex Air0.30%1.60%
09/27Cap Goods Ship Nondef Ex Air0.50%1.00%
09/27Initial Jobless Claims210k201k
09/27Continuing Claims1675k1645k
09/27Bloomberg Consumer Comfort60.2
09/27Pending Home Sales MoM-0.20%-0.70%
09/27Pending Home Sales NSA YoY-0.50%
09/27Kansas City Fed Manf. Activity1714
09/28Personal Income0.40%0.30%
09/28Personal Spending0.30%0.40%
09/28Real Personal Spending0.20%0.20%
09/28PCE Deflator MoM0.10%0.10%
09/28PCE Deflator YoY2.20%2.30%
09/28PCE Core MoM0.10%0.20%
09/28PCE Core YoY2.00%2.00%
09/28Chicago Purchasing Manager6263.6
09/28U. of Mich. Sentiment100.5100.8
09/28U. of Mich. Current Conditions116.1
09/28U. of Mich. Expectations91.1
09/28U. of Mich. 1 Yr Inflation2.80%
09/28U. of Mich. 5-10 Yr Inflation2.40%
10/01Markit US Manufacturing PMI55.6
10/01Construction Spending MoM0.50%0.10%
10/01ISM Manufacturing60.361.3
10/01ISM Employment58.5
10/01ISM Prices Paid7372.1
10/01ISM New Orders65.1
10/01Wards Total Vehicle Sales16.80m16.60m