- MBAVPRCH Index (Released 7:00 EST)
- MBAVREFI Index (Released 7:00 EST)
- Bloomberg Global Confidence (Released 7:00 EST)
- Monthly Budget Statement (Released 14:00 EST)
- Federal Debt Percent GDP (Released 14:00 EST)
Moved up off the ‘bottom’ of the ‘new range’ and moving the same direction as pending home sales that surprised on the upside.
Muddling through. Most of the resets have are now history.
Global inflation cutting into consumer buying plans.
In some ways this conflicts with expectations theory that theorizes that consumers will accelerate purchases if they expect higher prices.
Federal Debt Percent GDP