Overview: Tue, March 28

Daily Agenda

Time Indicator/Event Comment
08:30Advance international tradeFebruary deficit down from January
09:00S&P CoreLogic Case-Shiller HPI Strong increase in January
10:00Consumer confidenceStill sky-high in March
10:00Richmond Fed indexSolidly positive in March
11:301-month and year-bill auctionBoth offerings unchanged
12:45George (FOMC non-voter)On women in banking
13:00Kaplan (FOMC voter)On the economy
13:005-yr note auctionAnother $34 billion offering

US Economy

  • Economic Indicator Preview for Tuesday, March 28, 2017

    The advance trade snapshot for February is likely to show a nearly complete reversal of January’s jump in the deficit.  The S&P CoreLogic Case-Shiller home price index should be a bit stronger than the FHFA index, which posted a marginal January increase last week.  Consumer confidence may pull back slightly from February’s 16-year high, while the Richmond Fed factory index may also retreat slightly from a high February level.

Federal Reserve and the Overnight Market

Treasury Finance

This Week's MMO

  • MMO for March 27, 2017

    This week’s newsletter updates our Treasury cash balance projections for the coming months, and also covers a few highlights from the Fed’s 2016 financial statements, which were released on Friday.  (Not surprisingly, the market value of the Fed’s portfolio declined by nearly $200 billion in the fourth quarter of 2016.) 

MMO Analysis