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Schedule for Week of December 8, 2019

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Schedule for Week of December 8, 2019

The key economic reports this week are November CPI and Retail Sales. The FOMC meets this week, and no change to policy is expected. —– Monday, Dec 9th —–No major economic releases scheduled. —– Tuesday, Dec 10th —–6:00 AM: NFIB Small Business Optimism Index for November. —– Wednesday, Dec 11th —–7:00 AM ET: The...
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Friday: Employment Report

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Friday: Employment Report

My November Employment Preview. Goldman’s November Payrolls preview. Friday:• At 8:30 AM ET, Employment Report for November.   The consensus is for 180,000 jobs added, and for the unemployment rate to be unchanged at 3.6%. • At 10:00 AM, University of Michigan’s Consumer sentiment index (Preliminary for December). • At 3:00 PM, Consumer Credit...
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Is the Future still Bright?

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Is the Future still Bright?

It was almost seven years ago when I wrote “The Future’s so Bright …” I noted that I was the most optimistic since the ’90s, and that things would only getting better. I pointed out that housing starts would increase significantly over the next several years, that state and local governments would start hiring...
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Hotels: Occupancy Rate Increased Sharply Year-over-year due to Timing of Thanksgiving

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Hotels: Occupancy Rate Increased Sharply Year-over-year due to Timing of Thanksgiving

Note: Due to the timing of Thanksgiving, the occupancy rate was up sharply YoY last week, and will be down sharply YoY in the report next week. From HotelNewsNow.com: STR: US hotel results for week ending 23 November The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the...
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Q4 GDP Forecasts: 0.8% to 2.0%

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Q4 GDP Forecasts: 0.8% to 2.0%

From Goldman Sachs: e lowered our Q4 GDP tracking estimate by one tenth to +2.0% (qoq ar). (qoq ar). emphasis added From the NY Fed Nowcasting Report The New York Fed Staff Nowcast stands at 0.8% for 2019:Q4. And from the Altanta Fed: GDPNow The GDPNow model estimate for...
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Personal Income increased Slightly in October, Spending increased 0.3%, Core PCE increase 0.1%

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Personal Income increased Slightly in October, Spending increased 0.3%, Core PCE increase 0.1%

The BEA released the Personal Income and Outlays report for October: Personal income increased .3 billion (less than 0.1 percent) in October according to estimates released today by the Bureau of Economic Analysis. Disposable personal income (DPI) decreased .6 billion (-0.1 percent) and personal consumption expenditures (PCE) increased .7 billion (0.3 percent). Real DPI...
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Dallas Fed: “Texas Manufacturing Activity Weakens Slightly”

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Dallas Fed: “Texas Manufacturing Activity Weakens Slightly”

From the Dallas Fed: Texas Manufacturing Activity Weakens Slightly Texas factory activity contracted slightly in November, according to business executives responding to the Texas Manufacturing Outlook Survey. The production index, a key measure of state manufacturing conditions, dipped into negative territory for the first time since mid-2016, falling seven points to -2.4. Other measures...
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Schedule for Week of November 24, 2019

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Schedule for Week of November 24, 2019

The key reports this week are October New Home sales, and the second estimate of Q3 GDP. Other key indicators include Personal Income and Outlays for October and Case-Shiller house prices for September. For manufacturing, the Dallas and Richmond Fed manufacturing surveys will be released this week. —– Monday, Nov 25th —–8:30 AM ET:...
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Thursday: Existing Home Sales, Unemployment Claims, Philly Fed Mfg

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Thursday: Existing Home Sales, Unemployment Claims, Philly Fed Mfg

Thursday:• At 8:30 AM, The initial weekly unemployment claims report will be released. The consensus is for 219,000 initial claims, down from 225,000 last week. • Also at 8:30 AM, the Philly Fed manufacturing survey for November. The consensus is for a reading of 7.5, up from 5.6. • At 10:00 AM, Existing Home...
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Tuesday: Housing Starts

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Tuesday: Housing Starts

From Matthew Graham at Mortgage News Daily: Lowest Mortgage Rates in 2 Weeks Mortgage rates added to last week’s improvement with another modest drop today. That brings the average lender to the best levels in exactly 2 weeks–a welcome change after hitting the highest levels in more than 3 months on Friday November 8th....
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