Your Money: Week of September 22, 2014

Assuming that most everyone would like to keep an eye on their money, the US Economic Calendar for the week of September 22, 2014, is a great tool to use!

The economic calendar of next weeks key economic releases holds what may be some helpful clues concerning the strength of the US economy and the direction that interest rates may move both in the near and intermediate term.

The move in government yields is important to monitor because any move up or down there will have an impact on the mortgage rates and by extension the health of the real estate market as well.

Current Yield

The 10-year US treasury note is currently yielding 2.57%, basically unchanged from the same time last week.

The US 10-year Treasury Note 6-month chart

The recent move-up in rates evident in the chart above could be due to a few different things. The first is that market participants may feel that the Fed may have the impetus to raise rates due to a belief that the US economy is strengthening, perhaps that inflation is heating up or that the flight to quality trade based on geopolitical angst is losing steam.

Addressing one of these areas one would have to assume that the potential for a calming geopolitical environment, particularly based on the partial list below, is not currently in the cards!

The US Economic Calendar

The economic information scheduled for release 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 offers a fairly significant array of economic data releases with some of the headline reports that will be most closely scrutinized by market participants, the Fed, politicians and investors including Durable Goods Orders, Consumer Sentiment, New Home Sales and Existing Home Sales.

The upcoming week is also an active one for speeches by members of the Federal Reserve with an added proviso that impromptu comments or remarks by them can potentially occur at any time. Scheduled to speak this week are William Dudley, Narayana Kocherlakota, Jerome Powell, Esther George, Loretta Mester, Charles Evans and Dennis Lockhart.

Finally, and 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,
• Continuing crisis at the US-Mexico border,
• The Ebola breakout is off the front pages but remains active having the potential to spread,

Courtesy of Econoday this is the chart of the US economic data to be released during the week of September 22, 2014 along with scheduled speeches by members of the Federal Reserve. The chart below also includes the upcoming treasury auction calendar!

Monday Sep 22 Tuesday Sep 23 Wednesday Sep 24 Thursday Sep 25 Friday Sep 26 Market Focus » International Perspective » Simply Economics » Chicago Fed National Activity Index 8:30 AM ET Existing Home Sales 10:00 AM ET William Dudley Speaks 10:05 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 Narayana Kocherlakota Speaks 7:30 PM ET ICSC-Goldman Store Sales 7:45 AM ET Jerome Powell Speaks 8:20 AM ET Esther George Speaks 8:30 AM ET Redbook 8:55 AM ET FHFA House Price Index 9:00 AM ET PMI Manufacturing Index Flash 9:45 AM ET Richmond Fed Manufacturing Index 10:00 AM ET 4-Week Bill Auction 11:30 AM ET 2-Yr Note Auction 1:00 PM ET Esther George Speaks 9:15 PM ET MBA Purchase Applications 7:00 AM ET New Home Sales 10:00 AM ET EIA Petroleum Status Report 10:30 AM ET 2-Yr FRN Auction 11:30 AM ET Loretta Mester Speaks 12:05 PM ET Charles Evans Speaks 1:00 PM ET 5-Yr Note Auction 1:00 PM ET Weekly Bill Settlement Durable Goods Orders 8:30 AM ET Jobless Claims 8:30 AM ET PMI Services Flash 9:45 AM ET EIA Natural Gas Report 10:30 AM ET Kansas City Fed Manufacturing Index 11:00 AM ET 3-Month Bill Announcement 11:00 AM ET 6-Month Bill Announcement 11:00 AM ET 7-Yr Note Auction 1:00 PM ET Dennis Lockhart Speaks 1:20 PM ET Fed Balance Sheet 4:30 PM ET Money Supply 4:30 PM ET GDP 8:30 AM ET Corporate Profits 8:30 AM ET Consumer Sentiment 9:55 AM ET Equity Settlement 9-25-14 Equity Settlement 9-26-14 Equity Settlement 9-29-14 Equity Settlement 9-30-14 Equity Settlement 10-1-14

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

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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.

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