Monday Morning Meeting Notes (08/14/2023)

Weekly Economic Insights

Monday Morning Meeting Notes (08/14/2023)

Bradley Prosper, CFA®, CFP® Weekly Economic Insights

Monday Morning Meeting Notes (08/14/2023)

General Info:

  • U.S. inflation, as measured by the consumer price index (CPI), was broadly in line with expectations in July
  • CPI grew 0.2% month-over-month and 3.2% year-over-year (vs. last month’s readings of 0.2% and 3.0%, respectively)
  • Core CPI, which excludes volatile food and energy costs, increased 0.2% month-over-month and 4.7% year-over-year (vs. last month’s readings of 0.2% and 4.8%, respectively)
  • Shelter accounted for 90% of July’s inflation as it rose 0.4% month-over-month and has risen 5.7% year-over-year; on a positive note, the pace of shelter’s cost increases is now moderating

  • Fun Fact: In 2010, Mike “The Pancake Man” Cuzzacrea set the world record for the highest pancake flip at 10.8 feet (329 centimeters). Feels beatable – you can find me practicing by a basketball hoop this week
  • The Pancake Man also ran a marathon in 1999 in Buffalo, New York while flipping a pancake. He finished the race in just over 3 hours, and it’s been estimated that he flipped a pancake every 1.8 seconds during the race

Monday 08/14:

  • India CPI data for July

Tuesday 08/15:

  • Home Depot and Sea Limited report earnings
  • U.S. retail sales for July
  • China medium-term lending, retail sales, industrial production, and fixed asset investment data
  • Japan Q2 2023 gross domestic product (GDP)

Wednesday 08/16:

  • Target and TJX Companies report earnings
  • National Tell A Joke Day
  • Here’s my submission: Why didn't the dog play baseball? Because he was a boxer
  • The Federal Reserve releases the minutes from its July 25th-26th monetary policy meeting
  • U.S. housing starts and building permits data for July
  • Eurozone Q2 2023 GDP data
  • U.K. CPI data for July
  • China property prices for July
  • Norway’s $1.4 trillion sovereign wealth fund publishes its latest performance results

Thursday 08/17:

  • Walmart, Applied Materials,, and Globant SA report earnings
  • U.S. Conference Board leading index
  • U.S. initial jobless claims and continuing claims data

Friday 08/18:

  • U.S. President Joe Biden hosts South Korean President Yoon Suk Yeol and Japanese Prime Minister Fumio Kishida at Camp David, Maryland
  • Eurozone CPI data for July
  • Japan CPI data for July

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.