2017 Economic Calendar
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Market Reflections  

Highlights
March 17, 2017
Definitive manufacturing data may now be finally showing the strength as indicated by a run of regional reports. The manufacturing component of the industrial production rose a sharp 0.5 percent in February with January revised 3 tenths higher and now also at 0.5 percent. Strength in consumer sentiment is another of the day's headlines, reflecting expectations that are concentrated among Republicans for strong acceleration ahead.

The Dow posted a fractional loss on the day to end the week with a fractional gain, at 20,914. Demand for Treasuries improved following the FOMC meeting which did not, as some expected, increase the outlook for additional hikes. The 2-year yield ended at 1.32 percent, down 4 basis points in the week with the 10-year down 8 basis points to 2.50 percent. The dollar index ended the week 1.0 percent lower at 100.23.




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