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Overview: Wed, November 22

Daily Agenda

Time Indicator/Event Comment
07:00MBA mortgage prch. indexSeasonal increase in latest week
08:30Durable goodsMild increase in October, led by aircraft
08:30Jobless claimsReversal of last week's increase
10:00U. Michigan cons. sent., lateSlightly higher than the preliminary November reading
11:003- and 6-month bill announcementLikely steady at current levels
11:002-, 5- and 7-yr note announcementNo changes expected
14:00FOMC minutesWon't shake market expectations of a December rate hike
15:00Treasury investor class auction dataMid-November data
Reserve maint. period ends

US Economy

  • Economic Indicator Preview for Wednesday, November 22, 2017

    Durable goods orders should be reasonably healthy in this morning’s advance report for October.  Initial jobless claims may retreat slightly after last week’s unexpected pop, while the University of Michigan’s consumer sentiment index is likely to hold roughly steady at a high level.

Federal Reserve and the Overnight Market

Treasury Finance

This Week's MMO

  • MMO for November 20, 2017

    We have produced a slightly abbreviated newsletter to match this week’s holiday-abbreviated schedule.  The current issue of the MMO includes a handful of routine data updates covering money fund repo investments with foreign banks, the rate paid on the Fed’s internal RRP pool for foreign official institutions, and domestic holdings of reserve balances as of September 30.

MMO Analysis