The economic calendar is important this week featuring data on personal income and spending and the Fed’s favorite inflation measure, the PCE index. Housing data includes four reports, with new home sales of special interest. There are also reports on consumer sentiment from both the Conference Board and the University of Michigan. Most of the […]
The economic calendar is more important than usual. There is an emphasis on housing data as well as reports on leading indicators, industrial production, and regional Fed surveys. The most important story of the week will be the Fed’s Wednesday rate decision. Market prices imply a high probability of a 25 basis point rate cut. […]
The economic calendar is normal with an emphasis on the consumer. Both PPI and CPI data will be reported, but little change is expected. Central bank fans will have to make do with the ECB Thursday announcement. Democrats will have another debate on Thursday (now down to only ten on stage!) but it is too […]
The economic calendar is among the biggest, but politics and personalities are playing a larger role in financial news. With the upcoming Democratic debate and increasing criticism about the economy, we have an unusual situation. Normally, the economic situation is taken as given and the politicians respond. This year we have a very different question: […]
The economic calendar is significant, but fundamentals are taking a secondary role. The Friday Presidential tweetstorm raised uncertainty on trade, the global economy, Fed policy, taxes, and traditional alliances. Attention now turns to the reaction. Can the widespread negative feedback alter President Trump’s course? Last Week Recap In last week’s installment of WTWA, I […]