The last full week in November brings with it its fair share of economic data, Fed talk, and a few important earnings stragglers. The general themes of the week will be housing, manufacturing, inflation, and the consumer. On the economic front, October’s retail sales—released on Monday—should steal the show, followed up by October’s industrial production […]
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leading economic indicators
Undoubtedly the most important item on this week’s calendar will be Wednesday’s FOMC announcement, which is highly unlikely to show any changes to the current policy stance. But, as always, the market will be paying close attention the wording of the FOMC’s statement, which turned slightly more constructive last month indicating that financial markets have […]
July’s leading economic indicators index rose 0.6%, experiencing its fourth consecutive month of gains. The Bloomberg consensus forecast was for an increment of +0.7%. Rate spread, claims, and manufacturing hours all made positive contributions, while consumer expectations, M2, and permits were the biggest negative contributors. The LEI tends to be a good forward looking indicator […]
The index of leading indicators was up in June by 0.7%, or slightly above the market consensus of 0.5%. At the same time May’s number was revised up to 1.3% from 1.2%. This is the third consecutive month of gains for the index. In the release the Conference Board was quoted as saying, “The behavior […]