Monday Morning Meeting Notes (09/12/2022)

Weekly Economic Insights

Monday Morning Meeting Notes (09/12/2022)

Bradley Prosper, CFA®, CFP® Weekly Economic Insights

Monday Morning Meeting Notes (09/12/2022)

General Info:

  • The European Central Bank (ECB) raised rates by 0.75% last week, marking the largest interest rate hike in the central bank’s 24 year existence
  • The September hike brings the deposit rate to 0.75%, and the futures market is pricing in an additional 1.25% of rate hikes by the end of the year
  • In addition, the ECB adjusted its inflation expectations higher for 2022-2024 and lowered its GDP growth forecast for 2023 and 2024
  • Fun Fact: Eating polar bear liver can kill a human being. If eaten in one meal, 30-90 grams of polar bear liver can be fatal due to its high concentration of Vitamin A

Monday 09/12:

  • Oracle reports earnings
  • U.K. industrial production data


Tuesday 09/13:

  • U.S. NFIB Small Business Optimism Index for August
  • U.S. CPI data for August
  • Headline CPI is expected to decrease -0.1% month-over-month (8.0% year-over-year), while Core CPI is expected to increase 0.3% month-over-month (6.1% year-over-year)
  • U.K. unemployment rate, which is expected to remain stable at 3.8%


Wednesday 09/14:

  • U.S. PPI data gives us a look at input prices for August, which are expected to have declined by -0.1% month-over-month (8.8% year-over-year)
  • U.K. CPI data is expected to show inflation of 10.1% year-over-year in August
  • Eurozone industrial production data


Thursday 09/15:

  • Adobe reports earnings
  • U.S. business inventories, retail sales, and industrial production
  • U.S. initial jobless claims and continuing claims


Friday 09/16:

  • Congratulations and happy birthday to all the people born September 16th – they have the most common birthday; May 22nd is the least common birthday (excluding February 29th)
  • University of Michigan Consumer Sentiment Index (preliminary reading for September)
  • The final reading of Eurozone CPI data for August is expected to show inflation of 9.1% year-over-year
  • China home sales, property investment, retail sales, industrial production, and unemployment

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.