Eye On The US Economy: Week Of December 8th, 2014

By | December 8, 2014

The US Economic Calendar For The Week Of December 8, 2014

Assuming that the majority of Americans would like to keep an eye on their money, the US Economic Calendar for the week of December 8, 2014 is a great guide for anyone to have at their disposal!

With economic and political uncertainty currently more of the rule than exception, this weeks key economic releases may hold some extremely helpful clues concerning the strength of the US economy and, just as importantly, the future direction of interest rates.

Interest rates remain a critical cog not only for fixed income and equity investors, but for the overall strength of the real estate market and the ease of availability for the financing used to purchase it.

The US Economic Calendar

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

The upcoming week is relatively quiet in terms of significant economic data releases, but some of the more relevant ones includes the MBA Purchase Applications, Business Inventories, Retail Sales and Wholesale Trade.

It will also be a quiet week for scheduled speeches by members of the Federal Reserve with only Dennis Lockhart scheduled to speak today, although impromptu comments or remarks by any of the Fed members can potentially occur at any time.

Finally, the markets will once again also be closely watching domestic political issues along with geopolitical hotspots that have the potential for serious flare-ups with global implications.

Nationally and Geopolitically, some issues to watch include:

  • The continued scourge of ISIS who seem to have cobbled together an alliance with al-Qaeda,
  • The continued decline in the global price of oil (WTI currently $63.50/barrel) and the impact that will have on oil producing nations like Russia and Saudi Arabia,
  • Potential for ‘Lone Wolf’ terrorist attacks at home,
  • Social unrest stemming from recent Grand Jury decisions,
  • Potential for White House negotiations to result in a deal with Iran for cooperation in the fight against ISIS,
  • US-Mexico border security.

To illustrate the second point concerning the impact the decline in the price of oil could potentially have, this is a monthly chart of the price of WTI since 2003 (Courtesy of Investing.com).

crude oil and geopolitics

Courtesy of Econoday this is the chart of the US economic data to be released during the week of December 8, 2014 along with scheduled speeches by members of the Federal Reserve. The chart below also includes the upcoming treasury auction calendar!

Monday Dec 8
TD Ameritrade IMX
[Bullet
12:30 PM ET

Dennis Lockhart Speaks
12:30 PM ET

Redbook
[Bullet
8:55 AM ET
JOLTS
[Report][djStar]
10:00 AM ET
Wholesale Trade
[Report][Bullet
10:00 AM ET
Treasury Budget
[Report][djStar]
2:00 PM ET
Weekly Bill Settlement

Jobless Claims
[Report][Star]
8:30 AM ET
Retail Sales
[Report][Star]
8:30 AM ET
Money Supply
[Bullet
4:30 PM ET
PPI-FD
[Report][Star]
8:30 AM ET
U.S. Equity Settlement
12-11-14
U.S. Equity Settlement
12-12-14
U.S. Equity Settlement
12-15-14
U.S. Equity Settlement
12-16-14
U.S. Equity Settlement
12-17-14

__________________________________________

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.

For anyone either buying a property or refinancing, remember that although your attorney will likely recommend a title insurance provider, you always 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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