Overview: Fri, December 14

Daily Agenda

Time Indicator/Event Comment
08:30Retail salesSmall increase overall, held down by lower gasoline prices
09:15Industrial productionModerate increase overall but core manufacturing may be soft
10:00Business inventories0.6% rise expected in October

Intraday Updates

US Economy

  • Economic Indicator Preview for Friday, December 14, 2018

    A sharp decline in gasoline prices is likely to hold down overall retail sales in November.  We look for an increase of just 0.1% in total sales, but we expect core sales to be up a solid 0.5%.  We expect November industrial production to post a moderate increase, led by gains in mining and motor vehicle parts manufacturing.

This Week's MMO

  • MMO for December 10, 2018

    The spike in repo rates caused by last week’s unplanned market closing highlighted the very cautious approach to liquidity management that still permeates the financial system.  That defensive mindset, obviously, has implications for the ongoing debate over the appropriate size of the supply of reserves.

MMO Analysis