U.S. Labor Secretary speaks on the economy at a luncheon meeting U.S. Labor Secretary Perez discusses the U.S. economy and labor situation in a speech entitled "Shared Prosperity: Building an Economy that Works for Everyone," at a National Press Club luncheon meeting being held in Washington, D.C. on October 20 at 1 pm.
Existing Home Sales to be reported at 10:00 September Existing Home Sales will be reported at 10:00 . Current consensus is 5.10M
October 17, 2014
Treasury Closing Summary: Treasury Closing Summary: A "V-shaped" recovery on stocks signaled an all-clear on recent volatility on Friday, or not. Successive rounds of dovish Fedspeak this week proved a timely placebo for the European anxiety attack that spread across the Pond faster than Ebola in a pressurized cabin. In either case the sentiment swings this week were no laughing matter and spoke to the complacency build-up thanks to QE3, which is nearing its home stretch. Housing and sentiment data was a bit brighter to round out the week and Europe responded to asset purchase promises from the ECB and dovish BoE-speak as well, which completed the asset role-reversal.