Agenda
| Time | Indicator/Event | Comment |
| 08:30 | Housing starts | Down modestly |
| 08:30 | Import prices | Down modestly |
| 11:30 | 4-week bill auction | 4th consecutive $31 billion offering |
| 14:15 | FOMC meeting announcement | Extended period language survives -- probably |
| 17:00 | ABC consumer comfort index | Remains very weak |
| Weekly chain store surveys | Moderate |
Intraday Updates
The volatile multi-family housing starts series was weaker than expected, but the other major components of the starts and permits data were close to forecast. Import and export prices were slightly softer than predicted.
The FOMC made as few changes as possible to this afternoon’s policy statement. more »
Economic Indicators
Housing starts and import prices are due out this morning at 8:30. The market generally expects to see declines in the headline numbers for both series. more »
Fed Policy
In a close call, we expect the FOMC to retain its extended period language in this afternoon’s policy statement. more »
Federal Reserve Operations & the Overnight Market
Fed Open Market Operations The funds rate shot up again unexpectedly yesterday. As was the case in early March, the pressure is likely to fade only slowly. more »
Fed Funds Monitor Fed funds data tables more »
Treasury Finance
The Treasury will sell an unchanged $31 billion of 4-week bills this morning. Also, this morning’s commentary includes a few facts and figures about foreign holdings of bills stemming from yesterday’s TIC report. more »
The Money Market Observer
Monday, Mar 15 In a close call, we think the Fed is likely to retain the “extended period” language in the policy statement released after Tuesday’s FOMC meeting. That rate guidance will have to be softened soon, but the Fed has done little to lay the groundwork for a shift in the tone of the statement in recent weeks. If there are no major changes to the statement, we are likely to see at least one dissenting vote on Tuesday, and perhaps two. more »
Daily Press Summary (pdf)
Inside Debt Daily for Tuesday, Mar 16 The Inside Debt Daily provides relevant market news and market segment commentary from Thomson Reuters and data from ICAP and Wrightson ICAP in a take-home, easy-to-read format highlighting key developments which could impact the capital markets the ensuing trading day. Download a PDF file of the most recent report now. go »
Daily Press and Pricing Archive go »
