Key data releases this week include: durable goods (Mon), pending home sales (Mon), Q4 GDP, personal income and spending (Wed), ISM manufacturing (Wed), Beige Book (Wed), and ISM non-manufacturing (Fri).
Reuters
February 22, 2017
The New York Times
Wednesday, February 22, 2017
February 22, 2017
Bloomberg
February 22, 2017
CNBC
Policymakers are moving swiftly in the direction of raising interest rates again, minutes of the Federal Open Market Committee show. "Many participants expressed the view that it might be appropriate to raise the federal funds rate again fairly soon if incoming information on the labor market and inflation was in line with or stronger than their current expectations," according to the minutes.
Bloomberg
February 27, 2017
Contracts to buy previously owned U.S. homes unexpectedly declined 2.8% in January as higher mortgage rates, elevated prices and a limited number of listings pushed the index to a one-year low, according to figures released Monday from the National Association of Realtors in Washington.
Haver
February 24, 2017
Sales of new single-family homes rebounded in January, rising 3.7% m/m to 555,000 units, seasonally adjusted at an annual rate. The sharp 10.4% m/m drop in December was revised up to a 7.0% m/m decline (575,000 units), but this was due mostly to a downward revision to the previously reported 4.7% m/m jump (598,000 units) in November--now a more modest 1.2% m/m rise.
Reuters
February 22, 2017
Housing prices in China are continuing to rise, but the government's efforts to cool off the market are slowing the rate of growth. The average price of homes in the 70 biggest cities increased 0.2% in January compared with December, marking the fourth month in a row of slowing growth.
South China Morning Post
February 23, 2017
Improving job prospects helped boost consumer confidence in China in the fourth quarter to its highest level in four years, Nielsen said. The rising optimism has had a big impact on e-commerce, with online purchases of vegetables, fruits and other fresh food up 10% from a year earlier.
Barron’s
February 27, 2017
The German two-year yield fell to minus 0.95, close to a record low, amid growing concern about France’s coming presidential election. While stock investors are smiling at daily Dow records, the bond crowd seems to be hunkering down.
CFRA/Barron’s
February 27, 2017
Nearly 90% of the companies in the S&P 500 have reported fourth-quarter 2016 results. EPS are projected to have risen 5.8% year over year, versus the 4.2% beginning-of-quarter estimate, but more than 7.0% below the all-time high of second-quarter 2015. Double digit gains are projected for financials, materials, and tech.
Barron’s
February 27, 2017
Treasury Secretary Mnuchin said the administration is working with House and Senate Republicans to craft tax policy aiming to pass major legislation before the August recess.
David Rosenberg, Gluskin Sheff/Barron’s
February 27, 2017
The Fed has already told us that three (hikes) is a virtual guarantee unless something goes awry. If anything happens that causes the Fed to raise its GDP profile for the second half of the year, it will raise rates even more.

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