Monday Morning Meeting Notes (05/27/2024)

Weekly Economic Insights

Monday Morning Meeting Notes (05/27/2024)

Bradley Prosper, CFA®, CFP® Weekly Economic Insights

Monday Morning Meeting Notes (05/27/2024)

General Info:

  • Fun Fact: Did you know the filling in Kit Kats is made from damaged Kit Kats? Whenever a Kit Kat bar is somehow made imperfect during production like air bubbles or some other issue, the chocolate bar isn’t thrown out. Instead, it is ground up into a fine paste and turned into a filling that's then incorporated back into the production process to create new Kit Kat bars

Monday 05/27:

  • Memorial Day holiday
  • XPYRIA’s office and financial markets in the U.S. are closed in observance of the holiday

Tuesday 05/28:

  • National Brisket Day and National Hamburger Day
  • U.S. Conference Board consumer confidence data for May

Wednesday 05/29:

  • Salesforce, Dick’s Sporting Goods, and U-Haul report earnings
  • The Federal Reserve (Fed) releases its Beige Book economic survey based on reports from its 12 district banks
  • Germany consumer price index (CPI) data for May
  • South African election takes place, with polls showing the ruling African National Congress (ANC) party could lose its majority for the first time since Nelson Mandela led the party to power in 1994

Thursday 05/30:

  • Costco, Royal Bank of Canada, and Dollar General report earnings
  • U.S. Q1 2024 GDP data (second reading)
  • U.S. initial jobless claims and continuing claims data
  • Eurozone consumer and economic confidence data for May
  • Eurozone unemployment data for April

Friday 05/31:

  • U.S. personal income and spending data for April, which includes personal consumption expenditures (PCE)
  • PCE is expected to have risen 0.3% month-over-month and 2.7% year-over-year
  • Core PCE, which excludes volatile food and energy costs and is the Fed’s preferred inflation gauge, is expected to have risen 0.2% month-over-month and 2.8% year-over-year
  • Eurozone CPI data for May
  • Japan unemployment, industrial production, and retail sales for April
  • Japan CPI data for May

About the Author

Bradley Prosper, CFA®, CFP®

Senior Research Analyst
Mr. Prosper is a member of the Firm’s investment research group where he assists in conducting investment research that is instrumental in the construction, maintenance, and management of client portfolios. This research includes the procurement of primary data via direct investment manager interviews as well as analyzing information from our data resources.