2017 Economic Calendar
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Market Reflections  

October 11, 2017
The spread in JOLTS data between job openings, which are very abundant, and actual hiring, which is way behind, offers further confirmation that the labor market is at, or very near, full employment. FOMC minutes from the meeting last month confirm concern at the time that wage growth, and inflation along with it, was lagging though data since the meeting have shown tangible pressure.

Stocks were mostly higher with the Dow up 0.2 percent to yet another record at 22,872. Oil moved just over $51 while gold held just shy of $1,300. Another sharp 0.5 percent gain for the euro to $1.1866 following Catalan's willingness to talk made for another sharp decline in the dollar index which fell 0.4 percent to 92.91. Rates held steady with the 10-year Treasury yield at 2.35 percent.

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