Author: Zac Martin, Investment Associate
Week Ending September 13th – Waiting On the Fed to Change
- NFIB Small Business Index for August contracted 2.5 points to 91.2. Small business owners reported an increased difficulty finding qualified applicants leading to increase in the reported open jobs. Additionally, sentiment around real sales and positive profit trends continued to decline, with the latter being the lowest since March 2010.
- Consumer Price Index for August reported slightly below analyst expectations to 2.5% year over year change. This decrease was led by lower energy prices, core CPI remains above 3%.
- Producer Price Index for August also decreased to 1.7% however, PPI Ex. Energy increased to 2.4% year over year.
The week ahead:
- Retail Sales (9/17)
- FOMC Meeting & Federal Funds Rate (9/18)
- Building Permits (9/18)
- Leading Economic Indicators (9/19)
- Earnings: GIS (9/18), DRI, FDS, FDX, LEN (9/19)
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