Home   Logon   Mobile Site   Research and Commentary   About Us   Call 1.800.621.1675 or Email Us       Follow Us: 

Search by Ticker, Keyword or CUSIP       
 
 
 
Blog Home
Bob Carey
Chief Market Strategist
Click for Bio

Follow Bob on Twitter Follow Bob on LinkedIn View Videos on YouTube
 

  US Economy and Credit Markets Ended June 8, 2018
Posted Under: Weekly Market Commentary

 
Yields moved higher last week across the yield curve ahead of what is expected to be a busy week this week. In economic data, the Institute for Supply Management announced on Tuesday that its non-manufacturing index rose to 58.6 in May from 56.8 in April, which beat expectations and indicates the non-manufacturing sector is growing at a faster rate. The Supplier Deliveries Index, which measures how fast businesses receive deliveries, indicated that deliveries were slower in May for the 29th consecutive month. Slower deliveries indicate strong demand and an improving economy however slow rail service and a shortage of truck drivers also contributed to the slowdown. The Federal Open Market Committee meets on Tuesday and Wednesday of this week and is widely expected to raise interest rates for the second time this year. The Fed last raised rates in March when the unemployment rate was 4.1%. The unemployment rate has improved since then, falling to 3.9% and 3.8% in April and May, respectively. Major economic reports (related consensus forecasts, prior data) for the upcoming week include: Tuesday: May CPI MoM (0.2%, 0.2%); Wednesday: June 13 FOMC Rate Decision – Upper Bound (2.00%, 1.75%), June 8 MBA Mortgage Applications (N/A, 4.1%), May PPI Final Demand MoM ( 0.3%, 0.1%); Thursday: June 9 Initial Jobless Claims (222k, 222k), May Retails Sales Advance MoM (0.4%, 0.3%); Friday: June Preliminary U. of Mich. Sentiment (98.5, 98), May Industrial Production MoM (0.2%, 0.7%), June Empire Manufacturing (18.5, 20.1).
Posted on Monday, June 11, 2018 @ 8:15 AM • Post Link Share: 
Print this post Printer Friendly

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.
Search Posts
MARKET ANALYSIS
Market Commentary and Analysis
Market Commentary Video
Weekly Market Commentary
Weekly Market Watch
Monthly Talking Points
Quarterly Newsletter
Market Observations
Subscribe To Receive Email
 


 PREVIOUS POSTS
Semiconductor Sales Remain Robust
When Less Can Potentially Bring More
US Stock Markets Ended June 1, 2018
US Economy and Credit Markets Ended June 1, 2018
A Snapshot of Bond Valuations
So Much For The Great Rotation Out Of Bond Mutual Funds
US Stock Markets Ended May 26, 2018
US Economy and Credit Markets Ended May 26, 2018
Small-Capitalization (Cap) Stocks Leading The Way In 2018
A Snapshot Of Dividend-Payers & Non-Payers In The S&P 500 Index
Archive
Skip Navigation Links.
Search by Topic
Skip Navigation Links.

 
The information presented is not intended to constitute an investment recommendation for, or advice to, any specific person. By providing this information, First Trust is not undertaking to give advice in any fiduciary capacity within the meaning of ERISA, the Internal Revenue Code or any other regulatory framework. Financial advisors are responsible for evaluating investment risks independently and for exercising independent judgment in determining whether investments are appropriate for their clients.
First Trust Portfolios L.P.  Member SIPC and FINRA.
First Trust Advisors L.P.
Home |  Important Legal Information |  Privacy Policy |  Business Continuity Plan |  FINRA BrokerCheck
Copyright © 2020 All rights reserved.