Action Economics Survey results
Action Economics Survey results: the government shutdown enters its fourth week with no real sign the impasse will end anytime soon. Several reports have already been been_delayed , and many more are on the threatened list in the upcoming week, including retail sales. Analysts won't be completely data-less however, as the BLS is still open, and there are several private reports too, as well as Fed numbers. The Survey Median points to a rise in the January Empire State manufacturing index to 12.0 from December’s 10.9. The Philly Fed is projected improving to 10.0 from last month’s 9.4. Headline retail sales for December (hopefully released) are seen rising 0.2%, with the core edging up 0.1%. Industrial production should increase 0.2%. Meanwhile, the markets have been busy parsing every word from Fed Chairman Powell trying to figure out the policy path. This week’s survey again shows the Fed on hold this quarter, with only a few seeing the chance for a tightening.