A mother lode of economic data: Week of September 2, 2014

US Economic Calendar for the Week of September 2, 2014

The economic calendar provided in this article gives the days and times for this weeks key statistical releases.

This data will contain information that may potentially impact the direction of US interest rates and how far and how fast they may move in the short and intermediate-term. Any move up or down in rates will have an impact on the mortgage and real estate markets as well.

As a rough gauge of US economic strength, currently the 10-year Treasury note is yielding 2.41% which is slightly higher than the lowest level of the past year.

This recent move down in rates (see graph below) seems to indicate several things. The first is that market participants do not believe the Fed will be raising rates any time while the second is that there may be a belief that the US economy is not as strong as headline data may be suggesting.

In addition, given the degree of geopolitical angst in the world, part of the drop in yields could also be due to a flight to quality trade as investors seek a safe haven in US government bonds.

The economic information scheduled for release will provide investors and businesses both anecdotal evidence about the direction that the US economy is heading along with actual data about its current condition.

In a week that’s rife with critical data releases, some of the headline reports that will be most closely scrutinized by market participants, the Fed, politicians and investors includes the Employment Report for August, the ADP employment report, the Beige Book and the ISM Non-Manufacturing Index.

In the upcoming week scheduled speeches by members of the Federal Reserve includes Loretta Mester, Jerome Powell and Narayana Kocherlakota although impromptu comments or remarks can potentially occur at any time.

And finally, as has been the case for some time now, the markets will also be closely watching geopolitical hotspots that have the potential for serious flare-ups with global implications.

Currently on the front-burner geopolitically are the following crises, some with conditions that have changed over the past week and others that remain static. It is also a list that unfortunately continues to grow:

• How will the US and any international coalition deal with the spread of ISIS, the terrorist organization that makes al-Qaeda seem tame,
• Israel-Hamas conflict,
• Russia-Ukraine conflict,
• Crisis at the US-Mexico border,
• The Ebola breakout is off the front pages but remains active having the potential to spread,
• NATO will be meeting Thursday and Friday this week with much n the agenda including President Obama needing to assure allies that the United States will have their back in the event of any moves by Russia.

Courtesy of Econoday this is the chart of the US economic data to be released during the week of September 2, 2014 along with scheduled speeches by members of the Federal Reserve. The chart below also includes the upcoming treasury auction calendar!

Monday Sep 1 Tuesday Sep 2 Wednesday Sep 3 Thursday Sep 4 Friday Sep 5 US Holiday: Labor DayAll Markets Closed International Perspective » Simply Economics » Market Focus » Gallup US Consumer Spending Measure 8:30 AM ET PMI Manufacturing Index 9:45 AM ET ISM Mfg Index 10:00 AM ET Construction Spending 10:00 AM ET Global Manufacturing PMI 11:00 AM ET 4-Week Bill Announcement 11:00 AM ET 3-Month Bill Auction 11:30 AM ET 6-Month Bill Auction 11:30 AM ET Gallup US ECI 1:00 PM ET Motor Vehicle Sales MBA Purchase Applications 7:00 AM ET ICSC-Goldman Store Sales 7:45 AM ET ADP Employment Report 8:15 AM ET Gallup U.S. Job Creation Index 8:30 AM ET Redbook 8:55 AM ET Factory Orders 10:00 AM ET 4-Week Bill Auction 11:30 AM ET Beige Book 2:00 PM ET Weekly Bill Settlement Chain Store Sales Challenger Job-Cut Report 7:30 AM ET Gallup US Payroll to Population 8:30 AM ET International Trade 8:30 AM ET Jobless Claims 8:30 AM ET Productivity and Costs 8:30 AM ET PMI Services Index 9:45 AM ET ISM Non-Mfg Index 10:00 AM ET EIA Natural Gas Report 10:30 AM ET Global Composite PMI 11:00 AM ET Global Services PMI 11:00 AM ET EIA Petroleum Status Report 11:00 AM ET 3-Month Bill Announcement 11:00 AM ET 6-Month Bill Announcement 11:00 AM ET 3-Yr Note Announcement 11:00 AM ET 10-Yr Note Announcement 11:00 AM ET 30-Yr Bond Announcement 11:00 AM ET Loretta Mester Speaks 12:30 PM ET Fed Balance Sheet 4:30 PM ET Money Supply 4:30 PM ET Jerome Powell Speaks 6:15 PM ET Narayana Kocherlakota Speaks 9:00 PM ET Employment Situation 8:30 AM ET Charles Plosser Speaks 10:15 AM ET Treasury STRIPS 3:00 PM ET Eric Rosengren Speaks 3:45 PM ET Equity Settlement 9-5-14 Equity Settlement 9-8-14 Equity Settlement 9-9-14 Equity Settlement 9-10-14 Bank Holiday Schedule US: Labor Day

Important Legal Notice: Econoday has attempted to verify the information contained in this calendar. However, any aspect of such info may change without notice. Econoday does not provide investment advice, and does not represent that any of the information or related analysis is accurate or complete at any time. Legal Notices © 1998-2013 Econoday, Inc. All Rights Reserved.Actual Data Source: Haver Analytics |  Legal Notices © 1998-2014 Econoday, Inc. All Rights Reserved. Econoday Suggestion Box: We welcome your ideas on how we can serve you better.

Market Moving Indicator Merit Extra Attention Other Key Indicator Consensus Info Available Final Data and Analysis Available

__________________________________________

Written by Michael Haltman, President of Hallmark Abstract Service, New York.

HAS is a provider of title insurance in New York State for residential and commercial real estate transactions specializing in the areas of New York City, Long Island and Westchester.

Remember that you have the right to choose your own title company (click here to learn more)!

If you have any questions you can reach Michael by email at mhaltman@hallmarkabstractllc.com.