Archive for the ‘University Of Michigan’ tag
Fed Fund Futures Expect Slim Chance of Rate Hike in Near-Term
The Fed fund futures market expectations of a rate
hike continue to diminish after today’s modest rise in the
University of Michigan’s consumer sentiment index.
Markets are currently pricing in an 88% chance of no rate hike for the
Sept. 16 meeting. This is a 2% increase from yesterday’s 86% reading and
4% rise from last week’s result.
U of Michigan Reuters Consumer Sentiment Improves Half a Point in August
The preliminary consumer sentiment survey from
Reuters & the University of Michigan improved half a point to 61.7,
following the previous month’s near five-point rebound. Also, one-year
inflation expectations moved down to 4.8% from July’s 5.1% forecast.
The slight improvement contrasts with the recent
deterioration in the weekly survey of consumer comfort from ABC News.
The Week Ahead Canada & U.S.: U.S. CPI, Retail Sales and Consumer Sentiment
The U.S. economy will continue to struggle between slowing growth and
rising inflation. According to economists and strategists, markets will
focus on U.S. advance retail sales, July CPI and the University of
Michigan/Reuters consumer sentiment.
U.S. markets will also receive U.S. trade balance, IBD/TIPP economic
optimism, and industrial production and capacity utilization.
See the full schedule by clicking below.