This page has been archived and commenting is disabled.

Today's Economic Data Highlights

Submitted by Tyler Durden on 10/27/2010 07:48 -0400

Finally we enter the informal “blackout” period for policy-related FOMC commentary one week ahead of the scheduled announcement from next week’s meeting, which means the Fed chatterboxes finally shut up. Just one speech today with little likelihood of breaking new ground, following the morning's data on mortgage applications, durable goods, and new home sales…Most importantly, no POMO. Futures already reflect it.

The Mortgage Bankers Association’s index of mortgage applications rose 3.2% last week, with applications for purchase loans (+3.9%) and refinancing (+3.0%) both contributing. The level of the purchase loan index remains quite low, however.

8:30: Durable goods orders for Sep…an increase led by aircraft. Aircraft bookings dominate our expected increase, and the wide range of estimates suggests that this is the principal driver of others’ forecasts as well. This is the last report with meaningful content for the preliminary report on real GDP in Q3 to be released Friday morning.
Median forecast (of 76): +2.0%, ranging from flat to +8%; last -1.3%.

10:00: New home sales for Sep...a modest increase? Sales of new homes hit an all-time low of 282k (annual rate) in May and were only slightly above that in July and August (282k). We and most other economists expect a modest increase for September as a drop in mortgage rates appears to have spurred at least a small increase in demand.
Median forecast (of 73): +4.3%, ranging from -6.3% to +21.4%; last flat.

16:00: New York Fed President William Dudley speaks on the national and regional economy…at the University at Buffalo. This is day 3 of a four-day upstate tour including speeches at various universities. The speech itself should have nothing new, but there will undoubtedly be headlines across the tape, also unlikely to contain anything new.

From Goldman Sachs and Zero Hedge

- advertisements -

Wed, 10/27/2010 - 07:50 | 679986 Oligarchs Gone Wild

Tyler - possible guest post with more Fraudclosure antics revealed.

http://www.investorsinsight.com/blogs/john_mauldins_outside_the_box/arch...

Wed, 10/27/2010 - 07:50 | 679988 TooBearish

Dood -WSJ leak on QE2...

Wed, 10/27/2010 - 07:59 | 679991 HelluvaEngineer

link?

Wed, 10/27/2010 - 08:06 | 679998 TooBearish

sorry not a subscriber in print version...GS spot on their call agian fot 2-4 trillion worth of QE2 - alas FED probably just managing expectations and will announce larger amount than the few hundred million leaked in article stretched out over a few months...

Wed, 10/27/2010 - 08:30 | 680064 unum mountaineer

QE2 = new ad campaign.

"kids, This is why it is important to say NO to drugs"

Wed, 10/27/2010 - 08:32 | 680071 firstdivision

Glad to know Benny had Boeing hold off on reporting the new orders until the week before the election.

Wed, 11/03/2010 - 21:23 | 697947 cheap uggs for sale

We have all cheap uggs for sale in our website http://www.salesuggs.org ! You can meet all your needs for UGG hot sale here and will certainly be satisfied with the top quality at low price. All UGGs on sale are made with the 100% genuine sheepskin from Australia and are hand-made in our own factory completely. So you need no to worry about the quality and the cheap UGGs for sale are all to be delivered in free shipping. Enjoy the large discount!
1.
UGG Amberlee
|UGG Kensington
|UGG Elsey
|UGG Langley
|UGG Roxy Short
|UGG Roseberry
|UGG Oliviya
|UGG Raya
UGG Brookfield Short

Thu, 11/04/2010 - 06:17 | 698867 shaoye

Thu, 11/04/2010 - 09:08 | 699100 shaoye

The critical and commercial 3D AVATAR, now you can use Blu-ray Ripper to rip this 3D Blu-ray movie esaily, or backup it with Blu-ray Copy, which broke all-time box-office records after its theatrical release in December 2009, is now available in the home on 3D BD, exclusively bundled with Panasonic Full HD 3D products. Consumers will be able to enjoy AVATAR on more devices, how to do this, don’t worry, iovSoft Studio provides you best Video Converter to help you convert ripBD to AVI, MP4, MPEG, MOV, WMV, MKV, H.264, FLV, XviD/DivX and HD Video.

Tue, 11/09/2010 - 04:27 | 711150 shaoye

Find ugg and Australian sheepskinAuthentic Ugg boots, learn the history behind the Cheap ugg boots, and when and what to wear with Ugg boot, as well as cleaning and caring for ....we sell new style Ugg boots on sale,You can find the wholesale discount Ugg boots here.

Thu, 12/09/2010 - 10:24 | 792194 senthil456

I love zerohedge policy.
windows vps
cheap hosting
forex vps

Today's Economic Data Highlights

Comment viewing options