2017 Economic Calendar
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Market Reflections  

April 13, 2017
Price pressures at the base of the economy are very soft, even apart from a monthly downswing in oil. Producer prices fell 0.1 percent in March with service prices at the wholesale level declining 0.2 percent. The results point to softness for tomorrow's report on consumer prices. Good news comes from jobless claims which continue to move lower and offer early positives for the April employment report.

Stocks remained on the defensive for a second session, down 0.7 percent on the Dow which ended at 20,453. The dollar, up 0.4 percent on the dollar index, nearly reversed yesterday's slide, one triggered by President Trump who said the currency is getting too strong. Money continues to move into the safety of Treasuries as the 10-year yield fell to 2.24 percent for a 2 basis point decline that brings the weekly total to a substantial 15 basis points.

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