September 27, 2022 Headlines

Risk assets reversed course and started to recover overnight after a proposed fiscal package in the UK sparked a two-day decline. US Treasuries participated in the interim rally as the 10-year benchmark now trades at a 3.89% yield, a level that was last seen in 2010. Yesterday’s Federal Reserve speakers continued their hawkish rhetoric while Boston Fed President, Susan Collins, admitted that additional tightening is needed to reduce inflation. Another five Federal Reserve speakers are on the schedule for today, headlined by Chairman Jerome Powell.

Chris Eckhoff

Director, Investment Management Group

9/27/2022Durable Goods Orders-0.3%-0.2%-0.1%     —
9/27/2022Durables Ex Transportation0.2%0.2%0.2%     —
9/27/2022Cap Goods Orders Nondef Ex Air0.2%1.3%0.3%0.7%
9/27/2022Cap Goods Ship Nondef Ex Air0.3%0.3%0.5%0.6%
9/27/2022FHFA House Price Index MoM0.0%-0.6%0.1%     —
9/27/2022S&P CoreLogic CS 20-City MoM SA0.2%-0.44%0.44%0.19%
9/27/2022S&P CoreLogic CS 20-City YoY NSA17.05%16.06%18.65%18.66%
9/27/2022S&P CoreLogic CS US HPI YoY NSA     —15.77%17.96%18.08%
9/27/2022Conf. Board Consumer Confidence104.6108.0103.2103.6
9/27/2022Conf. Board Present Situation     —149.6145.4145.3
9/27/2022Conf. Board Expectations     —80.375.175.8
9/27/2022Richmond Fed Manufact. Index-10.00.0-8.0     —
9/27/2022New Home Sales500.0k685.0k511.0k532.0k
9/27/2022New Home Sales MoM-2.1%28.8%-12.6%-8.6%
9/28/2022MBA Mortgage Applications     —     —3.8%     —
9/28/2022Advance Goods Trade Balance-$89.0b     —-$89.1b-$90.2b
9/28/2022Wholesale Inventories MoM0.4%     —0.6%     —
9/28/2022Retail Inventories MoM1.0%     —1.1%     —
9/28/2022Pending Home Sales MoM-1.5%     —-1.0%     —
9/28/2022Pending Home Sales NSA YoY-24.5%     —-22.5%     —
9/29/2022Revisions: GDP/ National Economic Accounts    
9/29/2022Initial Jobless Claims215.0k     —213.0k     —
9/29/2022Continuing Claims1385.0k     —1379.0k     —
9/29/2022GDP Annualized QoQ-0.6%     —-0.6%     —
9/29/2022Personal Consumption1.5%     —1.5%     —
9/29/2022GDP Price Index8.9%     —8.9%     —
9/29/2022Core PCE QoQ4.4%     —4.4%     —
9/30/2022Personal Income0.3%     —0.2%     —
9/30/2022Personal Spending0.2%     —0.1%     —
9/30/2022Real Personal Spending0.1%     —0.2%     —
9/30/2022PCE Deflator MoM0.1%     —-0.1%     —
9/30/2022PCE Deflator YoY6.0%     —6.3%     —
9/30/2022PCE Core Deflator MoM0.5%     —0.1%     —
9/30/2022PCE Core Deflator YoY4.7%     —4.6%     —
9/30/2022MNI Chicago PMI51.8     —52.2     —
9/30/2022U. of Mich. Sentiment59.5     —59.5     —
9/30/2022U. of Mich. Current Conditions     —     —58.9     —
9/30/2022U. of Mich. Expectations     —     —59.9     —
9/30/2022U. of Mich. 1 Yr Inflation     —     —4.6%     —
9/30/2022U. of Mich. 5-10 Yr Inflation2.8%     —2.8%     —


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