Succinct Summation of Week’s Events for 9.18.15

September 18, 2015 4:00pm by

Succinct Summations for the week ending September 18th

 

Positives:

  1. The FOMC leaves rates unchanged, remaining at maximum accommodation
  2. NAHB home builder survey came in a 62, higher than the 61 expected.
  3. Chinese retail sales increased 10.8% y/o/y, the largest increase since December.
  4. Housing permits came in at 1.17 million in August, above the 1.13 million seen in July.
  5. Initial jobless claims came in at 264k, lower than expected and down from 275k previously.

 

Negatives:

  1. The Fed doesn’t move, based on slowing global growth and rising market volatility.
  2. Core retail sales rose 0.3%, slightly less than expected.
  3. Housing starts came in at an annualized 1.12 million, slightly below expectations.
  4. U.S. industrial production fell .4% m/o/m, more than the 0.2% expected decrease.
  5. The Philly fed index fell to -6, down from 8.3 previously.
  6. The NY manufacturing index came in at -14.7, below the expected reading of -5.
  7. Mortgage applications fell 4.2% w/o/w.

 

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