Friday was a busy day with several speakers from the Federal Reserve. The markets took notice and we had movement throughout the day before an afternoon re-price for the better. Today there are a couple of economic releases scheduled including Factory Orders and ISM Non-Manufacturing Index both at 10:00 AM. Factory Orders are expected to have a month over month increase of 1.6% and positive growth is also expected from the ISM non-mfg index. Looking at the week ahead, FOMC Minutes will be released Wednesday which could provide further insight into the decision to scale back the Fed’s bond buying program and Friday will be a “Jobs Friday” with the Employment Situation scheduled for an 8:30 AM release.
KEEP WARM CHICAGO!!!
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