Shortly after FMI transmitted our analysis this morning, ISM-Chicago corrected their May report, changing the Chicago PMI from 55.2 to 59.4. Thus, instead of dropping -3 points this month, the index firmed a point, reaching a 2.5-year high.
FMI’s analyses of today’s May Chicago Purchasing Managers and other Regional Business Surveys and a review of Fed Bank Discount Rate Requests in March-April, plus our Summary of data released in May and Schedule of major releases in June.
FMI’s analyses of today’s April Personal Income & Consumption report, March S&P/Case-Shiller Home Price Index, and May Conference Board Consumer Confidence Index, as well as our Preview of the rest of this week’s major releases.
FMI’s analyses of today’s April Durable Goods Orders and Second Report of 17Q1 GDP.
FMI’s commentary on the Trump budget unveiled this week.
FMI’s review of this morning’s April Existing Homes Sales report.
FMI’s analysis of today’s April Advance Indicators (Goods-Trade, Retail & Wholesale Inventories) report as well as our review of the latest Weekly UI Claims & Rail Traffic results.
FMI’s analyses of today’s April New Home Sales, plus notes on today's May Richmond & Philadelphia Fed regional surveys.
FMI’s analyses of this morning’s May Philadelphia Fed Manufacturing Index and the latest Weekly UI Claims and Rail Traffic results.