Monday Morning Meeting Notes (09/19/2022)

Weekly Economic Insights

Monday Morning Meeting Notes (09/19/2022)

Bradley Prosper, CFA®, CFP® Weekly Economic Insights

 Monday Morning Meeting Notes (09/19/2022)

General Info:

  • Headline and Core CPI both grew more than expected in August (0.1% and 0.6%, respectively), which led to year-over-year Headline and Core CPI increasing to 8.3% and 6.3%, respectively
  • The main concern remains the broad nature of the increase and the continued growth of the “sticky” components, which led to the market declining last week
  • Fun Fact: Mick Jagger and Robert Plant of Led Zeppelin were both pursuing accounting degrees at the London School of Economics before their music careers took off
  • Fun Fact II: Scotland has 421 words for snow. Examples include sneesl (to start raining or snowing), feefle (to swirl), and flinkdrinkin (a light snow)


Monday 09/19:

  • Japan CPI data (released at 7:30pm EST Monday night)
  • Headline and Core CPI are expected to be 2.9% and 1.5% year-over-year, respectively


Tuesday 09/20:

  • U.S. housing starts
  • Taiwan export orders
  • Germany PPI data for August is expected to show inflation of 2.4% month-over-month and inflation of 36.8% year-over-year


Wednesday 09/21:

  • FOMC monetary policy decision and press conference by Jerome Powell
  • The U.S. central bank is expected to raise interest rates by 0.75%, which would bring the fed funds rate to a target of 3.00-3.25%  
  • Bank CEOs testify before the U.S. House Financial Services Committee at a hearing titled, “Holding Megabanks Accountable”
  • U.S. existing home sales for August


Thursday 09/22:

  • Bank of England monetary policy decision
  • The decision was delayed by a week due to the Queen’s death
  • Futures markets are split between a 0.50% and a 0.75% rate hike
  • Bank of Japan monetary policy decision
  • Eurozone consumer confidence
  • U.S. Conference Board leading index
  • Bank CEOs testify before the U.S. Senate Banking Committee


Friday 09/23:

  • Autumn Equinox, which marks the first day of autumn in the northern hemisphere and the first day of spring in the southern hemisphere
  • S&P Global Manufacturing PMI data for the U.S., Eurozone, Germany, France, U.K., and Australia
  • S&P Global Services PMI data for the U.S., Eurozone, Germany, France, U.K., and Australia

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.