FYI: Last week was a relatively quiet one for economic indicators with only 17 releases. Below is a list of the releases with the actual versus estimated readings. The ISM Non-Manufacturing Index and Markit Service PMI kicked off the week beating estimates but were still lower from the prior month. Thursday’s FOMC rate decision was a snooze-fest with everything coming in as expected. Friday capped off the week with a PPI release way above estimates. This was the only notable surprise of the week and was one factor in market declines on Friday. Rising inflation pressures have been increasingly mentioned in earnings calls this season, and it seems that we are starting to see the effects. Higher inflation is not a good sign for markets and will certainly lead to more hawkish policy.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/this-weeks-economic-indicators-11-12-18/
