by Calculated Threat on 5/13/2024 08:10:00 PM
From Matthew Graham at Mortgage Information Every day: What You See At the moment Will not Essentially Be What You See Tomorrow
With basically nothing on the occasion calendar to start out the brand new week, it was honest to count on a continuation of the identical sideways drift that characterised final week. It isn’t the longer term can ever be predicted in terms of markets, however we will say the flat trajectory is the least shocking consequence for Monday. That very same trajectory will likely be more and more shocking over the following 2 days, with a particular deal with Wednesday (CPI day). Even Tuesday deserves some respect with the Producer Value Index and a moderated dialogue from a European banking convention with Fed Chair Powell. At the moment’s Fed-speak wasn’t value any volatility, however the NY Fed’s shopper survey confirmed an uptick in inflation expectations and made for a modest intraday bump at 11am ET. [30 year fixed 7.12%]
emphasis added
Tuesday:
• At 6:00 AM ET, NFIB Small Enterprise Optimism Index for April.
• At 8:30 AM, The Producer Value Index for April from the BLS. The consensus is for a 0.2% enhance in PPI, and a 0.2% enhance in core PPI.
• At 10:00 AM: Dialogue, Fed Chair Jerome H. Powell, Moderated Dialogue with Chair Powell and De Nederlandsche Financial institution (DNB) President Klaas Knot, On the Annual Basic Assembly, International Bankers’ Affiliation, Amsterdam
• At 11:00 AM, NY Fed: Q1 Quarterly Report on Family Debt and Credit score
