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 Sept. 11, 2020
Posted Under: Weekly Market Commentary
Supporting Image for Blog Post

Longer-term Treasury yields fell last week while short-term yields rose slightly. On Tuesday, Treasury yields fell as investors bought government bonds amid the sharp decline in tech stocks. Initial jobless claims in the week ending September 5 were 884K, which were unchanged from the previous week's revised level. While initial claims remain above the pre-pandemic high of 695K, 884K is the lowest level of initial unemployment claims since broad economic shutdowns took effect in March, suggesting the labor market continues to make progress in its recovery. The Consumer Price Index rose 0.4% in August over the prior month, driven by a 5.4% increase in used-car prices, and 1.3% over the prior year. This week, the Fed is expected to leave rates unchanged following its policy meeting on Tuesday and Wednesday and may offer more details surrounding its recent policy change. The Fed said recently it would no longer preemptively raise interest rates to prevent higher inflation. Instead, it will wait to tighten monetary policy until there is clear evidence of inflation running above its target of 2%. Major economic reports (related consensus forecasts, prior data) for the upcoming week include Tuesday: August Industrial Production MoM (1.0%, 3.0%), September Empire Manufacturing (6.0, 3.7); Wednesday: September 16 FOMC Rate Decision – Upper Bound (0.25%, 0.25%), September 11 MBA Mortgage Applications (N/A, 2.9%), August Retail Sales Advance MoM (1.0%, 1.2%); Thursday: September 12 Initial Jobless Claims (850k, 884k), August Housing Starts (1,478k, 1,496k); Friday: September Preliminary U. of Mich. Sentiment (75.0, 74.1), August Leading Index (1.3%, 1.4%).
Posted on Monday, September 14, 2020 @ 9:14 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 Commentary and Analysis
Market Commentary Video
Weekly Market Commentary
Weekly Market Watch
Monthly Talking Points
Quarterly Newsletter
Market Observations
Subscribe To Receive Email

A Performance Snapshot Of Three Traditional Wealth-Building Asset Classes
Natural Gas Prices Have Surged Of Late
US Stock Markets Ended Sept. 4, 2020
US Economy and Credit Markets Ended Sept. 4, 2020
A Snapshot of Growth vs. Value Investing
A Snapshot Of Moving Averages
US Stock Markets Ended August 28, 2020
US Economy and Credit Markets Ended August 28, 2020
E-Commerce Sales Are Thriving
How Bonds Have Fared During The Rebound In The Stock Market
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 professionals 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. (Form CRS)   •  First Trust Advisors L.P. (Form CRS)
Home |  Important Legal Information |  Privacy Policy |  California Privacy Policy |  Business Continuity Plan |  FINRA BrokerCheck
Copyright © 2023 All rights reserved.