weekly calendar 02/13 ~ 02/17/2017
We have a normal week for economic data.
The “A” List
- Housing starts and building permits (Th). Little change expected in these important leading indicators.
- Leading indicators (F). Popular economic gauge expected to remain strong.
- Retail sales (W). Little is expected from the January data.
- Initial jobless claims (Th). How long can the amazing strength continue?
The “B” List
- Industrial production (W). A small gain is expected in the volatile series.
- Philly Fed (Th). Popular report is the first look at February data.
- PPI (T). Starting to run a bit hotter. That will attract more attention if it continues.
- CPI (W). See PPI above.
- Business inventories (W). December data affecting Q4 GDP. Favorite spin target: Voluntary or involuntary build up?
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Crude inventories (Th). Recently showing even more impact on oil prices. Rightly or wrongly, that spills over to stocks.
Chair Yellen give s her semi-annual Congressional testimony on Tuesday (Senate) and Wednesday (House). The presentations are the same and the order alternates. If you don’t know why, then you missed that class in Congressional Government! There are also appearances by a host of other Fed Governors and Presidents. Questions will probe the state of the economy, the new political environment, and the likely pace of rate hikes.
Earnings reports will remain important. Early actions from the Trump Administration have captured the spotlight and will continue to do so.
