Economic Calendar for the Week of November 24 – November 28

Remember, as a general rule, weaker than expected economic data is good for rates, while positive data causes rates to rise.

Economic Calendar for the Week of November 24 – November 28

Date
ET
Economic Report
For
Estimate
Actual
Prior
Impact

Mon. November 24
10:00
Existing Home Sales
Oct
5.05M

5.18M
Moderate

Tue. November 25
08:30
GDP Chain Deflator
Q3
4.2%

4.2%
Moderate

Tue. November 25
08:30
Gross Domestic Product (GDP)
Q3
-0.6%

-0.3%
Moderate

Tue. November 25
10:00
Consumer Confidence
Nov
39.5

38.0
Moderate

Wed. November 26
10:00
Consumer Sentiment Index (UoM)
Nov
58.0

57.9
Moderate

Wed. November 26
09:45
Chicago PMI
Nov
38.5

27.8
Moderate

Wed. November 26
08:30
Personal Consumption Expenditures and Core PCE
YOY
NA

2.2%
HIGH

Wed. November 26
08:30
Personal Consumption Expenditures and Core PCE
Oct
NA

0.2%
HIGH

Wed. November 26
08:30
Personal Spending
Oct
-0.7%

-0.3%
Moderate

Wed. November 26
08:30
Personal Income
Oct
0.1%

0.2%
Moderate

Wed. November 26
08:30
Jobless Claims (Initial)
11/22
NA

542K
Moderate

Wed. November 26
08:30
Durable Goods Orders
Oct
-2.5%

0.8%
Moderate

Wed. November 26
10:00
New Home Sales
Oct
450K

464K
Moderate

Shall you lock the rate if you are purhcasing the house?

Continuation, Monday News:

This week’s economic calendar features several reports that have the potential to move the market. But the big report for the week will be Wednesday's release of the Consumer Price Index. This read on consumer inflation could influence whether the Fed will again cut the Fed Funds Rate at their upcoming October 31st meeting.
For the moment, the Bond price has drifted below the 50-day Moving Average. However, close underlying support could help prices improve, so we want to be patient. I recommend cautiously floating at this time