Your Money: Week of September 29, 2014

By | September 26, 2014

Under the assumption that most Americans would like to keep an eye on their money, the US Economic Calendar for the week of September 29, 2014, is a great tool to use!

The economic calendar for 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.

Any significant move in government bond yields is important to monitor because movement either up or down will have an impact on 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 2.53%, basically unchanged from the same time last week.

The recent move-up in rates that’s evident in the chart above has eased some but could have been due to a few different things.

Reasons why market participants may feel that the Fed could have the impetus to raise rates could be 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 just one of these areas, one would logically have to assume that the potential for a calming geopolitical environment is not currently in the cards!

The US Economic Calendar

The economic data 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 the BLS Employment Report, Pending Home Sales, Consumer Confidence and the ADP Employment Report.

It’s going to be relatively quiet week as far as scheduled speeches by members of the Federal Reserve goes with an added proviso that impromptu comments or remarks by them can potentially occur at any time. Scheduled to speak this week are Charles Evans, Jerome Powell.

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 the terrorist organization known as ISIS, ISIL or the Islamic State, a group that almost makes al-Qaeda seem tame,
  • Israel-Hamas conflict,
  • Russia-Ukraine conflict,
  • Potential to enlist the help of Iran in the battle against ISIS in return for easing the attempts to end that country’s nuclear ambitions,
  • 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 29, 2014 along with scheduled speeches by members of the Federal Reserve. The chart below also includes the upcoming treasury auction calendar!

Monday Sep 29

Charles Evans Speaks
9:00 AM ET

Farm Prices
[Bullet
3:00 PM ET
Redbook
[Bullet
8:55 AM ET

Jerome Powell Speaks
9:30 AM ET

Chicago PMI
[djStar]
9:45 AM ET
ISM Mfg Index
[Star]
10:00 AM ET
Weekly Bill Settlement

Jobless Claims
[Star]
8:30 AM ET
Factory Orders
[djStar]
10:00 AM ET
Money Supply
[Bullet
4:30 PM ET
ISM Non-Mfg Index
[djStar]
10:00 AM ET
Equity Settlement
10-2-14
Equity Settlement
10-3-14
Equity Settlement
10-6-14
Equity Settlement
10-7-14
Equity Settlement
10-8-14

__________________________________________

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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