Carrico on Week Ahead for Rates

From John Carrico at Bank of the Ozarks: Today’s information regarding retail sales was good, not great but seems to be enough to boost confidence in the market as some believe it is on an upward trend. There will be a report midday that will give an outlook for the economy. The 10 yr treasure bills are up today nearly 10 points from where they closed yesterday. We should see how these affect the investors’ confidence in rates later this morning.

Dollar Gains as Increase in Retail Sales Boosts Fed-Taper Bets

By Joseph Ciolli – Aug 13, 2013, Bloomberg News

The dollar gained versus most of its major peers after a report showed retail sales increased in July for a fourth consecutive month, adding to speculation that theFederal Reserve will reduce the pace of monthly bond purchases.

 

U.S. Stocks Fall as Retail Sales in July Miss Forecasts

By Lu Wang and Nick Taborek – Aug 13, 2013, Bloomberg News

 

Retail Sales

Data today showed retail sales rose 0.2 percent in July, following a 0.6 percent gain in June that was larger than previously reported, according to Commerce Department figures. The median forecast of 81 economists surveyed by Bloomberg called for a 0.3 percent advance.

Fed Bank of Atlanta President Dennis Lockhart will give a speech at 12:45 p.m. on the outlook for the U.S. economy. Lockhart said in an interview with Market News International on Aug. 7 that the Fed may reduce its bond purchases as early as September.

“The progress to date is pretty impressive and certainly should be factored into the readiness of the economy to move forward without asset purchases,” he said in the article.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s