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Reference Libraries

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.
Mar  24  

Trump’s Skinny Budget: Nothing More than A Wish List
Key Takeaways:
--President Trump released a budget blueprint that is little more than a wish list. Most of what he has proposed will never be enacted.
--Congress does need to pass legislation funding discretionary programs to avoid a government shutdown. The first risk of a shutdown comes next month.
Mar  17  

Viewpoint for March 14-15 FOMC Meeting Statement and SEP
On Wednesday, March 15, the FOMC released the statement from its two days of deliberations accompanied by an update to its Summary of Economic Projections (SEP). The FOMC opted to raise the fed funds rate target range by 25 basis points to 0.75%-1.00%. The SEP indicated that the FOMC's collective forecasts were only narrowly more hawkish and the outlook for monetary policy was little changed from the December SEP. Please click here to read the PDF of the joint SMRA/Oxford Economics full analysis.
Mar  15  
Federal Reserve

Household Net Worth at Record Levels in Q4:16
Key Takeaways:
--Household net worth increased $2.0 trillion to a record $92.8 trillion in the fourth quarter. The increase reflected gains in financial and real estate assets, offset slightly by a small increase in liabilities.
--Since 2009, household net worth has increased $38.0 trillion, with increases in financial assets accounting for 80% of the gain. Liability growth has been driven by student loans and car loans. Growth in mortgage debt and credit card debt has been more sluggish.
--Gains in net worth aren't spread evenly among households. Changes in disposable income are a more reliable indicator of consumer spending.
Mar  13  

February Employment Analysis
Key "Take-Aways":
(1) February Payrolls +235,000
(2) December/January Payrolls revised upward by 9,000, private downward -31,000
(3) Unemployment Rate 4.7% down from 4.8%
(4) Earnings/Hours/Aggregate Payrolls solid, AHE +0.2% (2.8% yoy)
(5) Overall February very strong, lifted by weather Construction +58,000
Mar  10  

Latest Research HERE for Research Window
24 MarTreasury Market Summary for Friday, March 24
24 MarTechnical Intermarket Outlook: VIX on the Verge of a Breakout
24 MarFixed Income Focus: 2-Year Note Auction Preview/Review
24 MarEconomic Week Ahead Chartbook - March 27 to March 31
24 MarEconomic Week in Review Chartbook - March 20 to March 24
24 MarU.S. Monthly Economic Snapshot Table
24 MarAnalysis February Durable Goods—Another Civilian Aircraft Story
24 MarQuick Take: February Durable Goods Orders Rise 1.7%
24 MarRepo Update - Pressure Eases After Auction Announcements

Chart of the Day
For Oil It''s All About The Slope
For Oil It''s All About The Slope

Monday, 27 Mar
Dallas Fed Manufacturing Activity Index  Mar   DUE Vs Prev's 24.5
  Treasury will announce a 4-week bill auction
  Treasury will hold 3-month and 6-month bill auctions
  Treasury will hold a 2-year note auction
  Freddie Mac will announce reference bills