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
| Date | Event | Surv(M) | Actual | Prior | Revised |
| 09/24 | Chicago Fed Nat Activity Index | 0.2 | 0.18 | 0.13 | 0.18 |
| 09/24 | Dallas Fed Manf. Activity | 31 | — | 30.9 | — |
| 09/25 | FHFA House Price Index MoM | 0.30% | — | 0.20% | — |
| 09/25 | S&P CoreLogic CS 20-City MoM SA | 0.10% | — | 0.11% | — |
| 09/25 | S&P CoreLogic CS 20-City YoY NSA | 6.20% | — | 6.31% | — |
| 09/25 | S&P CoreLogic CS 20-City NSA Index | — | — | 213.07 | — |
| 09/25 | S&P CoreLogic CS US HPI NSA Index | — | — | 204.48 | — |
| 09/25 | S&P CoreLogic CS US HPI YoY NSA | — | — | 6.24% | — |
| 09/25 | Richmond Fed Manufact. Index | 21 | — | 24 | — |
| 09/25 | Conf. Board Consumer Confidence | 132 | — | 133.4 | — |
| 09/25 | Conf. Board Present Situation | — | — | 172.2 | — |
| 09/25 | Conf. Board Expectations | — | — | 107.6 | — |
| 09/26 | MBA Mortgage Applications | — | — | 1.60% | — |
| 09/26 | New Home Sales | 630k | — | 627k | — |
| 09/26 | New Home Sales MoM | 0.50% | — | -1.70% | — |
| 09/26 | FOMC Rate Decision (Upper Bound) | 2.25% | — | 2.00% | — |
| 09/26 | FOMC Rate Decision (Lower Bound) | 2.00% | — | 1.75% | — |
| 09/26 | Interest Rate on Excess Reserves | — | — | 1.95% | — |
| 09/27 | Advance Goods Trade Balance | -$70.6b | — | -$72.2b | -$72.0b |
| 09/27 | Wholesale Inventories MoM | 0.30% | — | 0.60% | — |
| 09/27 | Retail Inventories MoM | — | — | 0.40% | 0.50% |
| 09/27 | GDP Annualized QoQ | 4.20% | — | 4.20% | — |
| 09/27 | Personal Consumption | 3.80% | — | 3.80% | — |
| 09/27 | GDP Price Index | 3.00% | — | 3.00% | — |
| 09/27 | Core PCE QoQ | 2.00% | — | 2.00% | — |
| 09/27 | Durable Goods Orders | 1.90% | — | -1.70% | — |
| 09/27 | Durables Ex Transportation | 0.40% | — | 0.10% | — |
| 09/27 | Cap Goods Orders Nondef Ex Air | 0.30% | — | 1.60% | — |
| 09/27 | Cap Goods Ship Nondef Ex Air | 0.50% | — | 1.00% | — |
| 09/27 | Initial Jobless Claims | 210k | — | 201k | — |
| 09/27 | Continuing Claims | 1675k | — | 1645k | — |
| 09/27 | Bloomberg Consumer Comfort | — | — | 60.2 | — |
| 09/27 | Pending Home Sales MoM | -0.20% | — | -0.70% | — |
| 09/27 | Pending Home Sales NSA YoY | — | — | -0.50% | — |
| 09/27 | Kansas City Fed Manf. Activity | 17 | — | 14 | — |
| 09/28 | Personal Income | 0.40% | — | 0.30% | — |
| 09/28 | Personal Spending | 0.30% | — | 0.40% | — |
| 09/28 | Real Personal Spending | 0.20% | — | 0.20% | — |
| 09/28 | PCE Deflator MoM | 0.10% | — | 0.10% | — |
| 09/28 | PCE Deflator YoY | 2.20% | — | 2.30% | — |
| 09/28 | PCE Core MoM | 0.10% | — | 0.20% | — |
| 09/28 | PCE Core YoY | 2.00% | — | 2.00% | — |
| 09/28 | Chicago Purchasing Manager | 62 | — | 63.6 | — |
| 09/28 | U. of Mich. Sentiment | 100.5 | — | 100.8 | — |
| 09/28 | U. of Mich. Current Conditions | — | — | 116.1 | — |
| 09/28 | U. of Mich. Expectations | — | — | 91.1 | — |
| 09/28 | U. of Mich. 1 Yr Inflation | — | — | 2.80% | — |
| 09/28 | U. of Mich. 5-10 Yr Inflation | — | — | 2.40% | — |
| 10/01 | Markit US Manufacturing PMI | — | — | 55.6 | — |
| 10/01 | Construction Spending MoM | 0.50% | — | 0.10% | — |
| 10/01 | ISM Manufacturing | 60.3 | — | 61.3 | — |
| 10/01 | ISM Employment | — | — | 58.5 | — |
| 10/01 | ISM Prices Paid | 73 | — | 72.1 | — |
| 10/01 | ISM New Orders | — | — | 65.1 | — |
| 10/01 | Wards Total Vehicle Sales | 16.80m | — | 16.60m | — |