| Title: | Intraday Economic News: May 12-May 16, 2008, Economic Releases |
| Price: | $500.00 |
| Publication Date: | May 09, 2008 |
| Report Type: | Commentary |
| Abstract: | A number of reports are out this week to keep markets busy. The inflation reports will help markets gauge how long the Fed can stay in neutral. The retail sales report will determine whether consumers are still shopping at the mall. Monday: The Treasury budget will be watched for improvements in the "other deficit". A much-better-than-expected figure suggests that an upbeat fiscal-year budget is in the cards and therefore a more limited financing need than initially projected. We expect a $145.0 billion surplus for April, thanks to checks written out to Uncle Sam. Tuesday: April retails sales should be down 0.2%. Auto sales should be a drag on the month. We expect the ex-autos component to rise a modest 0.3%. |
| Brief Excerpt: | You are not entitled to view this Article. For technical support, please contact your help desk. Published by Standard & Poor's, a Division of The McGraw-Hill Companies, Inc. Executive offices: #### Avenue of the Americas, New York,... |
| Word Count: | 296 |
| Sector: | Global Issuers, Structured Finance, Public Finance, Financial Institutions, Insurance, Sovereigns, Corporations, International Public Finance, Utilities, Servicer Evaluations, Asset-Backed Securities, Collateralized Debt Obligations, Real Estate Companies, Asset-Backed Commercial Paper, Commercial MBS, Residential MBS |
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