Video: Weekly Report on US Economy with Econoday’s Rogers and TradingSmarter

Econoday’s Mark Rogers provides a look at key economic announcements for the US this week: A focus on the Consumer and the Fed. News on the consumer is updated with employment, personal income, and motor vehicles sales.  Meanwhile, the Fed gets ready for its December meeting.

Error
This video doesn’t exist

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.

Click to learn about getting access to Econoday’s economic reports on TradingScreen.

Highlights:

  • Employment report: Still playing catch-up post-shutdown 0.35
  • The labor market is not looking too pretty for November 1.20
  • Unemployment rate expected to drop, but the “why” is more important than the “what” 1.30
  • Personal income report expectations: Expecting a moderate gain 2.25
  • Spending forecast: The consensus number looks “iffy” 3.20
  • PCE Price Index expectations and their impact on tapering 4.40
  • “We are going to end up with year-on-year (core PCE Price Index) numbers far below 2 percent” 6.20
  • “The core portion of the report will allow the Fed to continue quantitative easing” 6.30
  • Unit auto sales expectations for November 6.40
  • “Consumers are very excited about new features on new cars” 7.40
  • ISM Report on Manufacturing: Numbers up, fed by the auto industry 8.10
  • Beige book expectations, and its impact 8.50