|
|
|
No Surprises From Powell. No Major Movement in Rates
No Surprises From Powell. No Major Movement in Rates
As expected, the Fed held rates steady today. The statement was moderately more hawkish in that it acknowledged progress on the labor market front and overall economy. To the very small extent that the statement was hawkish, Powell's press conference could be viewed as counterbalancing due to the non-threatening characterization of inflation and ongoing openness to additional easing if conditions justify it. Bonds are heading out the door almost exactly in line with opening levels and there wasn't much movement in between.
No Surprises From Powell
| Time | Event | Period | Actual | Forecast | Prior |
|---|---|---|---|---|---|
| Thursday, Jan 29 | |||||
| 8:30AM | Q3 Unit Labor Costs Final | Q3 | -1.9% | -1.9% | -2.9% |
| 8:30AM | Q3 Nonfarm Productivity QoQ Final | Q3 | 4.9% | 4.9% | 4.1% |
| 8:30AM | Nov Trade Gap (bl) | Nov | -56.80B | $-40.5B | $-29.4B |
| 8:30AM | Jan/17 Continued Claims (k) | Jan/17 | 1,827K | 1860K | 1849K |
| 8:30AM | Jan/24 Jobless Claims (k) | Jan/24 | 209K | 205K | 200K |
| 10:00AM | Nov Factory orders mm (%) | Nov | 1.6% | -1.3% | |
| 1:00PM | 7-Yr Note Auction (bl) | 44 | |||
| Friday, Jan 30 | |||||
| 8:30AM | Dec Core Producer Prices MM (%) | Dec | 0.2% | 0% | |
| 8:30AM | Dec PPI YoY | Dec | 2.7% | 3% | |
| 8:30AM | Dec Producer Prices (%) | Dec | 0.2% | 0.2% | |
| 9:45AM | Jan Chicago PMI | Jan | 44 | 43.5 | |
| 5:00PM | Fed Bowman Speech | ||||
|
|
|
|
