Stone & McCarthy Research Associates
 
UserName:       Password:          Forget Your Password?   Ask for A Complimentary Trial
 US
  US Menu
      Calendar
  Previews/Reviews
  Treasury Market
  Other Markets
      Agencies
      Corporates
      Money Markets
      Mortgages
  Federal Reserve
  Technicals
  Portfolio Surveys
  Snapshots

US Economic Chartbooks
Please see our Economic Week Ahead Chartbook for a discussion of next week's economic releases provided in a visually friendly format that includes graphs, brief descriptions of SMR's forecasts, and links to detailed data previews. If you missed anything from last week, see our Economic Week in Review Chartbook for a look back at the releases with links to full analyses.
Jan  30  

FOMC Statement from Jan. 28: 'Solid' Outlook for Growth, Wary on Inflation
Key Take-Aways:
1. The FOMC judges it can remain patient before beginning policy normalization.
2. Economic activity upgraded to "solid"; labor market to "strong".
3. FOMC wary on inflation outlook, will "monitor inflation developments closely".
Jan  28  
Federal Reserve

Outlook: Onwards and Upwards?
Economic developments in the U.S. have been largely positive over the past year. The economy is on a solid growth path and all indications are that this trend will continue into 2015. In response to an underlying improvement in economic conditions, the Federal Reserve, after taking extraordinary measures to support the economy following the Great Recession, now seems to be on the brink of policy normalization. It is against this backdrop that we discuss our expectations for growth in 2015.
Jan  27  
Economics

Fixed Income Focus: ECB Steps Up ... Month-End Auction Preview
Treasury yields were mixed this past week as the curve flattened around the ECB's QE decisions.

Treasury will come to market during the upcoming week with a $90.0 billion package of month-end 2-year, 5-year, and 7-year notes. They will hold a $26.0 billion 2-year note auction on Tuesday afternoon, a $35.0 billion 5-year note auction on Wednesday afternoon, and a $29.0 billion 7-year note auction on Thursday afternoon. The bidding deadlines for all three auctions will be 1:00 P.M.
Jan  23  
Fixed Income Focus

FOMC Preview for January 27-28 - Keeping House, and Staying Patient
Key Points:
* FOMC is not expected to alter the new "patient" forward guidance, except to remove the sentence regarding the "considerable time".
* No update to Summary of Economic Projections (SEP) or press briefing from Chair Yellen.
* Rotation in voting District Presidents takes place.
Jan  21  
Federal Reserve


Latest Research HERE for Research Window
30 JanWEEKLY ECONOMIC COMMENTARY - WEEK OF JANUARY 30, 2015
30 JanTreasury Market Summary For Friday, January 30
30 JanTechnical Intermarket Outlook
30 JanEconomic Week Ahead Chartbook - February 2 to February 6
30 JanEconomic Week in Review Chartbook - January 26 to January 30
30 JanFixed Income Focus: Record Bond Yields ... Treasury Financing Preview
30 JanA Preview of The Treasury's Financing Announcements
30 JanAnalysis: Final January Univ of Mich Consumer Sentiment Index 98.1
30 JanU.S. Monthly Economic Snapshot Table
30 JanData Flash! fJan Reuters/U Mich Consumer Sentiment 98.1


Chart of the Day
Homeownership and Rental Vacancy Rates Fall
Homeownership and Rental Vacancy Rates Fall

Monday, 2 Feb
Personal Income  Dec  EST +0.3% Vs Prev's +0.4%
  Personal Consumption Expenditures  Dec  EST -0.4% Vs Prev's +0.6%
  PCE Deflator MoM  Dec   DUE Vs Prev's -0.2%
  PCE Core MoM  Dec   DUE Vs Prev's 0.0%
  Markit US Manufacturing PMI  fJan 
  Construction Spending MoM  Dec  EST +0.8% Vs Prev's -0.3%
  ISM Manufacturing  Jan  EST 55.0 Vs Prev's 55.5
  Treasury will announce a 4-week bill auction
  Treasury will hold a 3-month and 6-month bill auction
  Freddie Mac will announce 3-month and 6-month bills auctions