Overview: Fri, January 18

Daily Agenda

Time Indicator/Event Comment
09:05Williams (FOMC voter)On the economic and policy outlook
09:15Industrial productionMild increase, helped by strong auto production
10:00U. Michigan cons. sent., earlyModerate decline expected this month
11:00Harker (FOMC non-voter)On prosperity

US Economy

  • Economic Indicator Preview for Friday, January 18, 2019

    Industrial production seems likely to post a moderate uptick in December, led by a large gain in the manufacturing sector.  We revised our forecast for the preliminary reading of the University of Michigan consumer sentiment index down this week in response to the peripheral data.  Our forecast of 96 would be the lowest in a year, but still fairly healthy by historical standards.

This Week's MMO

  • MMO for January 14, 2019

    The discussion of the Fed’s policy implementation options in the December FOMC minutes was more wide-ranging than we anticipated.  However, the timetable for reaching concrete decisions about the Fed’s long-run operating procedures remains unclear.

MMO Analysis