1.0Verbank Advisors & Agriculturehttps://verbank.luverbankfarmshttps://verbank.lu/author/verbankfarms/rich600338<blockquote class="wp-embedded-content"><a href="https://verbank.lu/october302017/">US + Brazil Financial News (10/30)</a></blockquote> <script type='text/javascript'> <!--//--><![CDATA[//><!-- /*! This file is auto-generated */ !function(c,d){"use strict";var e=!1,n=!1;if(d.querySelector)if(c.addEventListener)e=!0;if(c.wp=c.wp||{},!c.wp.receiveEmbedMessage)if(c.wp.receiveEmbedMessage=function(e){var t=e.data;if(t)if(t.secret||t.message||t.value)if(!/[^a-zA-Z0-9]/.test(t.secret)){for(var r,a,i,s=d.querySelectorAll('iframe[data-secret="'+t.secret+'"]'),n=d.querySelectorAll('blockquote[data-secret="'+t.secret+'"]'),o=0;o<n.length;o++)n[o].style.display="none";for(o=0;o<s.length;o++)if(r=s[o],e.source===r.contentWindow){if(r.removeAttribute("style"),"height"===t.message){if(1e3<(i=parseInt(t.value,10)))i=1e3;else if(~~i<200)i=200;r.height=i}if("link"===t.message)if(a=d.createElement("a"),i=d.createElement("a"),a.href=r.getAttribute("src"),i.href=t.value,i.host===a.host)if(d.activeElement===r)c.top.location.href=t.value}}},e)c.addEventListener("message",c.wp.receiveEmbedMessage,!1),d.addEventListener("DOMContentLoaded",t,!1),c.addEventListener("load",t,!1);function t(){if(!n){n=!0;for(var e,t,r=-1!==navigator.appVersion.indexOf("MSIE 10"),a=!!navigator.userAgent.match(/Trident.*rv:11\./),i=d.querySelectorAll("iframe.wp-embedded-content"),s=0;s<i.length;s++){if(!(e=i[s]).getAttribute("data-secret"))t=Math.random().toString(36).substr(2,10),e.src+="#?secret="+t,e.setAttribute("data-secret",t);if(r||a)(t=e.cloneNode(!0)).removeAttribute("security"),e.parentNode.replaceChild(t,e)}}}}(window,document); //--><!]]> </script><iframe sandbox="allow-scripts" security="restricted" src="https://verbank.lu/october302017/embed/" width="600" height="338" title="“US + Brazil Financial News (10/30)” — Verbank Advisors & Agriculture" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe>UNITED STATES   A very busy data week ahead, with PCE data out already. The headline deflator came in on target, a high figure of 0.40%momsa—still reflecting hurricane-related seasonality. Core-PCE was only 0.10%momsa (1.30%yoy) thus below the rate that would be consistent with the Fed’s forecast for yoy inflation at end-2017. The surprise came on the other indicators of personal consumption. Spending grew 0.60%momsa in real terms or at 2.40%saar based on the 3-mo average. In part, this is post-hurricanes: a jump in the demand for consumer durables, etc. And this aseasonality is underscored by a flat real disposable income with a significant drawdown in personal savings, to a rate of only 3.1% of disposable income. Nevertheless, the rebound in consumption, taken together with other indicators of household spending, and the positive trend in homebuying and improvements, underscore the key role of positive consumer/household sentiment in sustaining the recovery. Monday, October 30: PCE deflator, Personal Income, Spending – September. (Consensus: PCE deflator 0.4%momsa; Core 0.1%; Income 0.4%; Spending 0.9%; Real spending 0.5%; PCE deflator). Attention will focus on the deflator, even though the quarterly outcome is already known from the Q3 GDP report. If it comes at the consensus (0.4%momsa) it would […]