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  US Economy and Credit Markets Week Ended February 20, 2015
Posted Under: Weekly Market Commentary

Treasury prices fell for the third consecutive week after Eurozone finance ministers approved a four-month extension on Greece's financial bailout. On Tuesday, the Empire Manufacturing report failed to meet expectations. January Housing Starts were below expectations on Wednesday due to poor weather and stagnant real incomes. The January producer price index declined more than expected, primarily due to falling energy prices and a stronger dollar. On Thursday, the February 14th Initial Jobless Claims report showed a decline in the number of applications filed for unemployment. Treasuries fell on Friday with news of Greece's financial bailout extension and speculation the Federal Reserve will signal interest rate increases next week. Major economic reports (and related consensus forecasts) for the upcoming week include: Monday: January Existing Home Sales (4.95M); Tuesday: February Consumer Confidence Index (99.5); Wednesday: February 20 MBA Mortgage Applications, January New Home Sales (470K); Thursday: January CPI MoM (-0.6% MoM), January Durable Goods Orders (1.7%), February 21 Initial Jobless Claims (290k); Friday: 4Q GDP Annualized QoQ (2.0%), February Chicago Purchasing Manager (58.0), February University of Michigan Sentiment (94.0).
Posted on Monday, February 23, 2015 @ 8:49 AM • Post Link Share: 
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These posts were prepared by First Trust Advisors L.P., and reflect the current opinion of the authors. They are based upon sources and data believed to be accurate and reliable. Opinions and forward looking statements expressed are subject to change without notice. This information does not constitute a solicitation or an offer to buy or sell any security.
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