Daily Summary

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for Friday, May 29, 2015

Agenda

TimeIndicator/EventComment
08:30GDPSharp downward revision should leave Q1 growth well below zero
09:00Milwaukee PMIMay bounce back to breakeven level this month
09:45Chicago PMILittle change from mildly positive April result
10:00U. Michigan cons. sent., lateSlight upward revision to preliminary May reading

Economic Indicators

The highlight of today’s calendar is the first revision to Q1 GDP at 8:30. Overall growth will probably be revised from the tiny gain reported initially to a decline of more than 1%, but final sales to domestic purchasers should be revised only slightly lower and should remain modestly positive. The Milwaukee and Chicago factory surveys, at 9:00 and 9:45 respectively, may show mild improvement, but should not alter our forecast of an unchanged reading in Monday’s ISM factory index. At 10:00, the final May reading of the University of Michigan’s consumer sentiment index should probably reverse a small part of the 7-point drop reported in the preliminary survey two weeks ago. more »

Federal Reserve Operations & the Overnight Market

Overnight Funding Monitor Daily GCF repo forecasts more »

Fed Data Weekly Fed data chartbook more »

Treasury Finance

Treasury cash flows table more »

The Money Market Observer

Monday, May 25 This week's newsletter includes a few quick hits from last week's Fed-related developments: what we liked about Chair Yellen's speech on Friday and what we didn't, and why the strong core CPI reading for April doesn't change the outlook very much. more »

Daily Press Summary (pdf)

ICAP's Inside Debt Report for Thursday, May 28 ICAP's Inside Debt provides relevant end-of-day news summaries and market sector commentary from Reuters for the FOREX, Treasuries, Corporates and Equities markets, a 3 pm EST market snapshot pricing of all market sectors from ICAP and economic data from Wrightson ICAP in a take-home, easy-to-read format. Download a PDF file of the most recent report now. go »

Daily Press Summary Archive go »

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