| Time | Indicator/Event | Comment |
|---|---|---|
| 07:00 | MBA mortgage prch. index | Mild increases the last two weeks, but still very soft |
| 11:30 | 17-week bill auction | $36 billion offering |
| 14:00 | FOMC meeting announcement | Quarter-point rate hike -- probably |
| 14:00 | FOMC economic projections | Dots still drifting up |
| 14:30 | FOMC press conference | Guidance may be guarded, but not hawkish |
| 15:00 | Treasury investor class auction data | Mid-March data |
Economic Indicator Preview for Thursday, March 23, 2023
This morning’s schedule features the weekly jobless claims data at 8:30, the February new home sales report at 10:00 and this month’s manufacturing survey from the Kansas City Fed at 11:00.
Treasury Highlights for Wednesday, March 22, 2023
This week’s newsletter covers a grab-bag of technical topics, including Sunday’s daily dollar liquidity auction announcement, the flows out of (and back into) the FDIC’s deposit insurance fund following the collapse of SVB, the Treasury’s ESF backstop for the Fed’s new term bank lending facility, and the maturity composition and regional distribution of last week’s surge in domestic Fed lending. We wrap up with some brief comments about the relative increase in the supply of and demand for reserves last week. (Spoiler alert: the net impact was probably not expansionary.)
