Monday Morning Meeting Notes (09/26/2022)

Weekly Economic Insights

Monday Morning Meeting Notes (09/26/2022)

Bradley Prosper, CFA®, CFP® Weekly Economic Insights

Monday Morning Meeting Notes (09/26/2022)

General Info:

  • The FOMC voted unanimously to raise rates by 0.75% at its meeting last week, bringing the fed funds rate to a range of 3.00-3.25% o With two meetings left this year (November 2nd and December 14th), the fed funds rate is expected to finish the year at 4.25-4.50%
  • The Fed’s Dot Plots shows that officials expect rates to remain elevated through 2023, as noted by the implied December 2023 fed funds rate of 4.625%
  • Chair Jerome Powell: “We have got to get inflation behind us. I wish there were a painless way to do that. There isn’t.”
  • Fun Fact: When born, kangaroos are the size of a jelly bean (less than two grams). After they’re born, they stay in their mother’s pouch for an additional six months before emerging to greet the world


Monday 09/26:

  • Germany IFO Business Climate Index for September


Tuesday 09/27:

  • U.S. new home sales for August
  • U.S. Conference Board consumer confidence index for September


Wednesday 09/28:

  • EIA crude oil inventory report
  • U.S. wholesale inventories


Thursday 09/29:

  • Shares of Porsche AG start trading in Frankfurt after their spinoff from Volkswagen
  • It’s set to be Europe’s largest listing in more than a decade (could be up to $78 billion)
  • U.S. initial jobless claims and continuing claims data
  • Eurozone economic confidence and consumer confidence data


Friday 09/30:

  • Deadline for a shutdown of the U.S. government
  • U.S. PCE inflation data for August
  • Headline PCE is expected to have increased 0.1% month-over-month (6.0% year-over-year), while Core PCE is expected to have increased 0.5% month-over-month (4.7% year-over-year)
  • U.S. personal income and spending data for August
  • Japan unemployment, industrial production, retail sales, and consumer confidence
  • Eurozone releases preliminary CPI data for September (expected to be 9.7% year-over-year)
  • Eurozone unemployment rate for August
  • China releases Manufacturing PMI and Services PMI data for September

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.