Video: Mark Rogers on the US Economy — Week of October 7, 2013

Econoday’s Mark Rogers provides a look at key economic announcements for the US this week.

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Econoday reports, available on TradingScreen’s award-winning TradeSmart EMS, provide alerts on upcoming economic announcements, and jargon-free analysis of their potential market impact. Mark Rogers, Senior Economist for U.S. markets, has over 19 years of experience with the Federal Reserve Bank of Atlanta as an economist and forecaster for national and regional economies.

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Highlights:

  • Shutdown of the federal government: Increased uncertainty drives a flight to safety. 0.00
  • Last week’s economic result: ADP employment report came in very soft. 1.03
  • A sparse week on results because of the shut-down: If it comes from Commerce or Labor we’re probably not going to get it. 1.43
  • What will we get: Consumer credit and consumer sentiment 2.27
  • FOMC minutes: FOMC minutes are the big item for this week. 3.56
  • Impact of a default and shutdown on GDP growth: Estimates of impact are too high. 5.27
  • How can FOMC make policy without data? The fed will be more cautious about tapering without data. 6.45