US Macro Daily(Beta Mode)
Tariffs Roil Markets Amid Data
| Prior Close | ||
|---|---|---|
| Asset | Level | Days Change |
| S&P 500 | 6,922.40 | +0.04% |
| Nasdaq | 23,501.24 | +0.28% |
| Spot VIX | 17.08 | +6.15% |
| 2 Year Bond Yield | 3.59 | -1 bps |
| 10 Year Bond Yield | 4.21 | -3 bps |
| EUR/USD | 1.1852 | +0.26% |
| USD/JPY | 153.79 | -1.30% |
| GBP/USD | 1.367 | +0.21% |
| WTI Oil | 59.36 | -2.08% |
| Gold | 5,085.07 | +1.95% |
| Bitcoin | 87,710.87 | +1.33% |
Prior Economic Events
| Data | Prior | Cons | Actual |
|---|---|---|---|
| No events available | |||
Today's Economic Events
| Data | Prior | Cons | Time |
|---|---|---|---|
| Durable Goods Orders Month-over-Month | -2.20 | 3.70 | 08:30 |
| Chicago Fed National Activity Index | -0.21 | - | 08:30 |
| Chicago Fed National Activity Index | - | - | 08:30 |
| Durable Goods Orders Ex Transp Month-over-Month | 0.20 | 0.30 | 08:30 |
| Ny Fed Bill Purchases 1 To 4 Months | - | - | 09:20 |
| Dallas Fed Manufacturing Index | -10.90 | - | 10:30 |
| ADP Employment Change Weekly | 8,000 | - | 08:15 |
| S&P/Case-Shiller Home Price Year-over-Year | 1.30 | 1.20 | 09:00 |
| Cb Consumer Confidence | 89.10 | - | 10:00 |
| Richmond Fed Manufacturing Index | -7 | -8 | 10:00 |
- US GDP revised up to 4.4% in Q3, beating expectations and underscoring economic resilience despite tariff threats.
- Trump's Canada tariffs sparked geopolitical tensions, driving safe-haven assets higher as markets digested trade risks.
- Fed eyes slower cuts in rate-cutting cycle, with inflation data reinforcing data-dependent stance.
Friday's Recap
US GDP growth accelerated to 4.4% in Q3, surpassing the 4.3% consensus and fueled by robust consumer spending and net exports.
Weekly jobless claims dipped to 200,000, beating forecasts and signaling labor market strength.
Core PCE inflation held steady at 0.2% m/m, in line with expectations, while bond yields ticked up modestly to 4.24% for 10-year.
Markets traded calmly with VIX at 15.82, S&P 500 at 6919.60, and gold climbing to 4921.07 amid Greenland disputes.
No major Fed speeches occurred, but prior comments emphasized data dependence.
The Day Ahead
Durable Goods Orders at 08:30 are expected at 3.7% m/m versus -2.2% previous, watching for manufacturing momentum.
Chicago Fed National Activity Index at 08:30, consensus -0.21, may gauge regional economic health.
ADP Employment Change at 08:15, forecasted at 8,000, will preview payrolls.
NY Fed Bill Purchases at 09:20 and S&P/Case-Shiller Home Prices at 09:00 could influence housing outlook. (cont...)
