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Schedule for Week of Mar 26, 2017

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Schedule for Week of Mar 26, 2017

The key economic reports this week are the third estimate of Q4 GDP, Personal Income and Outlays for February, and the Case-Shiller house price index. —– Monday, Mar 27th —–10:30 AM: Dallas Fed Survey of Manufacturing Activity for March. —– Tuesday, Mar 28th—– 9:00 AM ET: S&P/Case-Shiller House Price Index for January. Although this is the...
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Weekly Initial Unemployment Claims increase to 258,000

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Weekly Initial Unemployment Claims increase to 258,000

The DOL reported: In the week ending March 18, the advance figure for seasonally adjusted initial claims was 258,000, an increase of 15,000 from the previous week’s revised level. The previous week’s level was revised up by 2,000 from 241,000 to 243,000. The 4-week...
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Goldman on Fed Balance Sheet Runoff

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Goldman on Fed Balance Sheet Runoff

A few brief excerpts from a note today by Goldman Sachs economist Daan Struyven: Balance Sheet Runoff: Sooner, Slower, Safer The debate within the FOMC about balance sheet normalization is now underway. Fed officials have two basic choices. They can rely exclusively on the...
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LA area Port Traffic declined in February

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LA area Port Traffic declined in February

LA area port traffic was down in February due to the timing of the Chinese New Year. Container traffic gives us an idea about the volume of goods being exported and imported – and usually some hints about the trade report since LA area...
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Wednesday: FOMC Meeting, Retail Sales, CPI, Homebuilder Survey and More

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Wednesday: FOMC Meeting, Retail Sales, CPI, Homebuilder Survey and More

Wednesday:• At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index. • At 8:30 AM, Retail sales for February will be released.  The consensus is for 0.2% increase in retail sales in February. • Also...
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Sunday Night Futures

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Sunday Night Futures

Weekend:• Schedule for Week of Mar 12, 2017 • Review of FOMC Projections From CNBC: Pre-Market Data and Bloomberg futures: S&P futures are down 3, and DOW futures are down 22 (fair value). Oil prices were down about 10% over the last week with...
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Merrill on the March FOMC Meeting

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Merrill on the March FOMC Meeting

A few excerpts from a research note from Merrill Lynch: The markets listened to the chorus of Fed officials and are now pricing in near certainty of a hike. With the rate decision on 15 March likely to be a non-event, attention turns to...
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February Employment Preview

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February Employment Preview

On Friday at 8:30 AM ET, the BLS will release the employment report for February. The consensus, according to Bloomberg, is for an increase of 195,000 non-farm payroll jobs in February (with a range of estimates between 168,000 to 215,000), and for the unemployment...
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Leading Index for Commercial Real Estate Increases in February

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Leading Index for Commercial Real Estate Increases in February

Note: This index is a leading indicator for new non-residential Commercial Real Estate (CRE) investment, except manufacturing. From Dodge Data Analytics: Dodge Momentum Index Increases in February The Dodge Momentum Index rose 1.6% in February to 144.0 (2000=100) from its revised January reading of...
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