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Vehicle Forecast: Sales Expected to Exceed 17 million SAAR in September

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Vehicle Forecast: Sales Expected to Exceed 17 million SAAR in September

The automakers will report September vehicle sales on Tuesday, October 3rd. Note: There were 26 selling days in September 2017, there were 25 in September 2016. From WardsAuto: Forecast: SAAR Expected to Surpass 17 Million in September A WardsAuto forecast calls for U.S. light-vehicle sales to reach a 17.5 million-unit seasonally adjusted annual rate...
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FOMC Projections and Press Conference Link

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FOMC Projections and Press Conference Link

Statement here. “In October, the Committee will initiate the balance sheet normalization program”. Yellen press conference video here. On the projections, projections for GDP in 2017 were increased. GDP projections of Federal Reserve Governors and Reserve Bank presidents Change inReal GDP1 2017 2018 2019 2020 Sept 2017  2.2 to 2.5 2.0 to 2.3 1.7...
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Hotel Occupancy Rate increases following Hurricanes Harvey and Irma

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Hotel Occupancy Rate increases following Hurricanes Harvey and Irma

From HotelNewsNow.com: STR: Hurricane Irma’s initial impact on hotel markets STR data shows Florida hotel markets that were evacuated before the arrival of Hurricane Irma experienced significant performance decreases, but the destinations evacuees flocked to saw significant growth. From HotelNewsNow.com: STR: US hotel results for week ending 9 September The U.S. hotel industry reported...
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Schedule for Week of Sept 17, 2017

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Schedule for Week of Sept 17, 2017

The key economic reports this week are August housing starts and existing home sales. For manufacturing, the Philly Fed manufacturing survey will be released this week. The FOMC meets this week and is expected to announce the reduction of the Fed’s balance sheet. —– Monday, Sept 18th —–10:00 AM: The September NAHB homebuilder survey....
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Weekly Initial Unemployment Claims decrease to 284,000

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Weekly Initial Unemployment Claims decrease to 284,000

The DOL reported: In the week ending September 9, the advance figure for seasonally adjusted initial claims was 284,000, a decrease of 14,000 from the previous week’s unrevised level of 298,000. The 4-week moving average was 263,250, an increase of 13,000 from the previous week’s unrevised average of 250,250. This is the highest level...
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Tuesday: Job Openings, Small Business Survey

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Tuesday: Job Openings, Small Business Survey

From Matthew Graham at Mortgage News Daily: Mortgage Rates Jolted Higher, Relatively Mortgage rates finally had a bad day, but everything’s relative.  This sort of bad day leaves the average lender quoting rates that would have been the best of 2017 any other time before last week.  It’s only when compared to last week that...
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Schedule for Week of Sept 10, 2017

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Schedule for Week of Sept 10, 2017

The key economic reports this week are August retail sales and the Consumer Price Index (CPI). For manufacturing, August industrial production, and the September New York Fed manufacturing survey, will be released this week. —– Monday, Sept 11th —–No major economic releases scheduled. —– Tuesday, Sept 12th —–6:00 AM ET: NFIB Small Business Optimism...
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Mortgage Rates at 2017 Lows

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Mortgage Rates at 2017 Lows

From Matthew Graham at Mortgage News Daily: Mortgage Rates Little-Changed at 2017 Lows Mortgage rates didn’t move much today, despite plenty of strength in underlying bond markets.  This would normally coincide with lower rates, so what’s the deal? The main issue is timing.  Bond markets weakened yesterday afternoon.  This would imply higher rates, but most lenders...
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Wednesday: Trade Deficit, ISM non-Mfg Index, Employment Preliminary Benchmark Revision

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Wednesday: Trade Deficit, ISM non-Mfg Index, Employment Preliminary Benchmark Revision

From Matthew Graham at Mortgage News Daily: Mortgage Rates Back in Line With 2017 Lows Mortgage rates moved lower today on a combination of factors.  Chief among these were headlines over the weekend concerning more North Korean weapons testing–specifically, a detonation of its largest bomb ever on Sunday followed by reports from South Korea of another...
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Sunday Night Futures

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Sunday Night Futures

On Monday, all US markets will be closed in observance of the Labor Day holiday. Weekend:• Schedule for Week of Sept 3, 2017 An update on Q3 GDP forecasts, from the Altanta Fed: GDPNow The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2017 is 3.2...
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