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Today's Economic Data Docket - Claims, CPI, Philly Fed

Tyler Durden's picture




 

A busy data schedule, with the CPI, existing home sales, jobless claims and the Philly Fed index, all of which will be ignored as the market focuses entirely on European headlines once again.
 
8:30: Consumer Price Index (July): Goldman forecasts that the July Consumer Price Index (CPI) rose by 0.4% (mom), or 0.2% excluding food and energy. Last month, several of the alternative “core” measures—the trimmed mean, median and sticky CPIs—showed signs of deceleration. The main question this month will be whether the traditional core series also has started to cool.
CPI: GS: +0.4%; Consensus: +0.2%; Last -0.22%.
Core CPI: GS: +0.2%; Consensus: +0.2%; last +0.254%. MAP: 4
 
8:30: Jobless claims (Week of August 13): Still low? The low rate of initial jobless claims over the last few weeks has been a major surprise. We had expected claims to at least remain around May and June levels, given below-trend growth in the economy overall and increases in other proxies for layoffs (e.g. Challenger announced job cuts). If claims remain around 400k—as the consensus expects—it would be a good sign for the short-term labor market outlook.
Consensus:  400,000; Last: 395,000. MAP: 2
 
8:35: New York Fed President William Dudley speaks on the regional economy.
 
10:00: Existing home sales (July): Forecast change. Although the pending home sales index (a leading indicator) has increased in recent months, regional sales figures point to a relatively weak result. Goldman cut its forecast for existing home sales to an unchanged reading from +8.0% (mom) previously.
GS: Flat; Consensus: +2.7%; Last -0.8%.MAP: 2
 
10:00: Philadelphia Fed index (August): Back below zero?  GS forecasts that the Philadelphia Fed’s business conditions index fell to -1.0 in August after rebounding to +3.2 in July. The weak-than-expected Empire State index result on Monday points to some downside risks.
GS: -1.0; Consensus: +2.0; Last +3.2. MAP: 4
 
10:00: Index of leading indicators (July): Components of the leading index were mixed last month, with a decline in initial jobless claims offset by a drop in consumer confidence and weakness in the ISM vendor performance index.
Consensus: +0.2%; Last +0.3%.

11:00: Treasury will announce details of the following week's 3- and 6-month bill auctions and a 52-week bill along with the month-end 2-, 5-, and 7-year auction details. Market is looking for a combined $58.0 billion of 3- and 6-month bills, a $25.0 billion 52-week bill, a $33.0 billion 2-year note, a $34.0 billion 5-year note, and a $28.0 billion 7-year note.

13:00 : Treasury auctions a $12.0 billion reopening of the 1/8% of 04/15/16 5-year TIPS.

14:30: New York Fed President William Dudley tours Jersey City, NJ.

Source: Goldman, Stone McCarthy

 

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Thu, 08/18/2011 - 08:01 | 1571972 Its_the_economy...
Its_the_economy_stupid's picture

ZH readers continue Pm aquisition unabated.

Thu, 08/18/2011 - 08:03 | 1571977 jonny47264
jonny47264's picture

As gold rises this site goes down.

Servers need to be prepared for market crashes

Thu, 08/18/2011 - 08:16 | 1571982 bonderøven-farm ass
bonderøven-farm ass's picture

SNAP is stimulus for the eCONomy.....a return of $.73 for every dollar spent.   Selling the farm and going long welfare....production is so passe'.....

Thu, 08/18/2011 - 08:06 | 1571987 WorkOutWellForAll
WorkOutWellForAll's picture

How about $350,000,000 to Taliban?

http://www.msnbc.msn.com/id/44171605/ns/politics/

P.S. Why doesn't this link embedding work, please?

<a href="http://www.msnbc.msn.com/id/44171605/ns/politics/">Taliban</a>?

Thu, 08/18/2011 - 08:09 | 1571996 Everybodys All ...
Everybodys All American's picture

Welcome to Jimmy Carter's vision for America part II.

Thu, 08/18/2011 - 08:10 | 1571998 Tense INDIAN
Tense INDIAN's picture

heres some other data:

 

Freemasons===Pre Maisons= Sons of the SUN.

AMARAKA=====Land of the SERPENTS!!!!!

 

haha

Thu, 08/18/2011 - 08:11 | 1572003 disabledvet
disabledvet's picture

Might be too late for Euro QE. The personnel changes alone make it a sure bet that europe has placed its bet...on the euro...and lost.

Thu, 08/18/2011 - 08:12 | 1572006 Cursive
Cursive's picture

Wake up to a 22 point drop in the ES. Will the HFTbots levitate this one?

Thu, 08/18/2011 - 08:38 | 1572103 youngman
youngman's picture

In my local papaer in Denver....Israel had a very organized attack in three location with big weapons....Hmmmmm....the natives are getting restless....

Also Unemployment up to 408,000 again...and again..and again...its never going to stop...

Got GOLD....its going to be hot today...all over the world...

Do NOT follow this link or you will be banned from the site!