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

By | 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.

10-year US treasury note chart

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!

Tuesday Sep 2
US Holiday: Labor DayAll Markets Closed

ISM Mfg Index [Report][Star]10:00 AM ET
Gallup US ECI [Bullet1:00 PM ET
Redbook [Bullet8:55 AM ET
Factory Orders [Report][djStar]10:00 AM ET
Beige Book [djStar]2:00 PM ET
Weekly Bill Settlement

Jobless Claims [Report][Star]8:30 AM ET
ISM Non-Mfg Index [Report][djStar]10:00 AM ET

Loretta Mester Speaks 12:30 PM ET

Money Supply [Bullet4:30 PM ET

Jerome Powell Speaks 6:15 PM ET Narayana Kocherlakota Speaks 9:00 PM 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

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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.

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