Monday Morning Meeting Notes (08/21/2023)

Weekly Economic Insights

Monday Morning Meeting Notes (08/21/2023)

Bradley Prosper, CFA®, CFP® Weekly Economic Insights

Monday Morning Meeting Notes (08/21/2023)

General Info:

  • The minutes from the U.S. Federal Reserve’s (Fed) July meeting expressed a cautionary tone
  • “With inflation still well above the Committee’s longer-run goal and the labor market remaining tight, most participants continued to see significant upside risks to inflation, which could require further tightening of monetary policy”
  • Fun Fact: The blob of toothpaste on a toothbrush has a name. It's called a “nurdle” and there was once a lawsuit over which toothpaste company had the right to portray it

Monday 08/21:

  • National Spumoni Day
  • China loan prime rates
  • Taiwan export orders for July
  • Jeffrey Schmid, with more than 40 years of banking and regulatory experience, takes office as the Kansas City Fed president; he’s replacing Esther George, who retired in January

Tuesday 08/22:

  • Lowe’s, Medtronic PLC, and Baidu report earnings
  • U.S. existing home sales for July

Wednesday 08/23:

  • Nvidia, Autodesk, and Advance Auto Parts report earnings
  • S&P Global Services PMI data for the U.S., U.K., Eurozone, France, and Germany
  • S&P Global Manufacturing PMI data for the U.S., U.K., Eurozone, France, and Germany
  • Jibun Bank Japan Manufacturing PMI and Services PMI data
  • U.S. new home sales for July
  • U.S. Republican Party presidential debate in Milwaukee featuring former Vice President Mike Pence, Florida Governor Ron DeSantis, former Ambassador to the U.N. Nikki Haley, and others

Thursday 08/24:

  • Intuit, Toronto-Dominion Bank, and PagSeguro report earnings
  • The Kansas City Fed’s annual economic policy symposium in Jackson Hole, Wyoming begins and runs through August 26th
  • U.S. initial jobless claims and continuing claims data

Friday 08/25:

  • Fed Chair Jerome Powell gives a speech on the economic outlook
  • U.S. University of Michigan consumer sentiment index

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.