MEXICO: Weaker Than Expected Economic Activity In January

Mar-22 12:04
  • MEXICO JAN. ECONOMIC ACTIVITY RISES 1.99% Y/Y; EST. +2.60% (BBG)
  • MEXICO JAN. ECONOMIC ACTIVITY FALLS 0.63% M/M; EST. +0.20%

Historical bullets

STIR: Little Net Movement In Fed Pricing

Feb-21 12:01

{US} STIR: The ’24 Fed pricing profile is little changed to 3bp more dovish today (vs;. yesterday’s close), with FOMC-dated OIS showing 94bp of cuts by year end.

  • The first 25bp step lower is fully discounted come the end of the June ’24 FOMC.
  • ~10bp of cuts are showing through the May ’24 FOMC as we head into NY trade.
  • The release of the minutes from the latest FOMC meeting minutes headline the NY docket.
  • The immediate focus in the minutes will be on participants' thinking surrounding the prospect for future rate cuts - both timing and magnitude.
  • The minutes will also be scrutinized for any discussion surrounding the timeline and contours of a potential slowing of asset runoff and how soon a decision may be reached.
  • See our full preview of the release here.
  • Elsewhere, Fedspeak from Bowman, Bostic, Barkin & Collins will hit.

US MBA: REFIS -11% SA; PURCH INDEX -10% SA THRU FEB 16 WK

Feb-21 12:00



  • US MBA: REFIS -11% SA; PURCH INDEX -10% SA THRU FEB 16 WK
  • US MBA: UNADJ PURCHASE INDEX -13% VS YEAR-EARLIER LEVEL
  • US MBA: 30-YR CONFORMING MORTGAGE RATE 7.06% VS 6.87% PREV 

MNI: US MBA: MARKET COMPOSITE -10.6% SA THRU FEB 16 WK

Feb-21 12:00



  • MNI: US MBA: MARKET COMPOSITE -10.6% SA THRU FEB 16 WK