Coming Two weeks

  • FOMC meets Wednesday, and the market has priced in a 50 basis point ease. That they will reference the sad state of affairs goes without saying
  • Treasury will announce refunding for November, during which they will also seek new sales and provide guidance on raising new funds.
  • The Election will be settled (hopefully) on November 4th.
  • Economic data: consumer confidence, durable goods, Q3 GDP, Chicago PMI, Personal Income annd Spending, ISM
                         Bloomberg Survey



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                        Release    Period    Prior     Median

Indicator                 Date               Value    Forecast

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New Home Sales ,000's    10/27     Sept.      460       450

New Home Sales MOM%      10/27     Sept.     -11.5%    -2.2%

Case Shiller Monthly YO  10/28      Aug.     -16.4%    -16.6%

Case Shiller Monthly In  10/28      Aug.     166.2     165.0

Consumer Conf Index      10/28      Oct.      59.8      52.0

Durables Orders MOM%     10/29     Sept.     -4.8%     -1.2%

Durables Ex-Trans MOM%   10/29     Sept.     -3.3%     -1.5%

GDP Annual QOQ%          10/30      3Q A      2.8%     -0.5%

Personal Consump. QOQ%   10/30      3Q A      1.2%     -2.4%

GDP Prices QOQ%          10/30      3Q A      1.1%      4.0%

Core PCE Prices QOQ%     10/30      3Q A      2.2%      2.5%

Initial Claims ,000's    10/30    Oct. 25     478       475

Cont. Claims ,000's      10/30    Oct. 18     3720      3720

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