Quiet Friday Ahead of Highly Uncertain Week
Quiet Friday Ahead of Highly Uncertain Week
Friday brought a quiet end to a quiet week. Yes, yields drifted slightly higher, but not in an overly threatening way, and 10yr yield yields managed to hold below the 4.19% technical level. Today's PCE data was right in line with forecasts and did nothing to inform bond market momentum. The incoming week is far more interesting at this point. Markets are hungry for a jobs report that may be severely delayed depending on the presence and duration of a government shutdown. We'll know much more by 12:01AM on Wednesday morning.
Quiet Friday Ahead of a Highly Uncertain Week
| Time | Event | Period | Actual | Forecast | Prior |
|---|---|---|---|---|---|
| Friday, Sep 26 | |||||
| 8:00AM | Fed Hammack Speech | ||||
| 8:30AM | Aug Core PCE Inflation (y/y) (%) | Aug | 2.9% | 2.9% | 2.9% |
| 8:30AM | Aug Core PCE (m/m) (%) | Aug | 0.2% | 0.2% | 0.3% |
| 8:30AM | Aug Personal Income (%) | Aug | 0.4% | 0.3% | 0.4% |
| 8:30AM | Aug Inflation-Adjusted Spending (Consumption) (%) | Aug | 0.6% | 0.5% | 0.5% |
| 9:00AM | Fed Barkin Speech | ||||
| 10:00AM | Sep Sentiment: 1y Inflation (%) | Sep | 4.7% | 4.8% | 4.8% |
| 10:00AM | Sep U Mich conditions | Sep | 60.4 | 61.2 | 61.7 |
| 10:00AM | Sep Sentiment: 5y Inflation (%) | Sep | 3.7% | 3.9% | 3.5% |
| 10:00AM | Sep Consumer Sentiment (ip) | Sep | 55.1 | 55.4 | 58.2 |
| 1:00PM | Fed Bowman Speech | ||||
| 1:30PM | Fed Musalem Speech | ||||
| 6:00PM | Fed Bostic Speech | ||||
| 8:00PM | UN General Assembly (%) | ||||
| Monday, Sep 29 | |||||
| 7:30AM | Fed Waller Speech | ||||
| 8:00AM | Fed Hammack Speech | ||||
| 10:00AM | Aug Pending Home Sales (%) | Aug | 0.1% | -0.4% | |
| 1:30PM | Fed Musalem Speech | ||||
| 1:30PM | Fed Williams Speech | ||||
| 6:00PM | Fed Bostic Speech | ||||
