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Overview: Wed, June 20

Daily Agenda

Time Indicator/Event Comment
07:00MBA mortgage prch. indexLittle change expected in latest week
08:30US current accountModest increase in the deficit in Q1
09:30PowellOn policy panel
10:00Existing home salesDecline expected in May
Reserve maint. period ends

Intraday Updates

US Economy

Federal Reserve and the Overnight Market

This Week's MMO

  • MMO for June 18, 2018

    Treasury cash flows following the June 15 quarterly tax date will help shape our bill supply projections for the third quarter.  This week’s newsletter discusses our cash balance expectations for the coming week and the potential implication for bill auction sizes later in the summer.  Also, we look at the Fed’s decision to schedule press conferences after every FOMC meeting in 2019.  The announcement has had surprisingly little impact on the pattern of rate hikes implied by fed funds futures thus far, but that should change in the weeks ahead.

MMO Analysis