Saturday, January 14, 2017

Schedule for Week of Jan 15th

by Bill McBride on 1/14/2017 08:09:00 AM

The key economic reports this week are Housing Starts, and the Consumer Price Index (CPI).

For manufacturing, December industrial production, and the January New York, and Philly Fed manufacturing surveys, will be released this week.

Speeches by Fed Chair Janet Yellen are scheduled on Wednesday and Thursday.

----- Monday, Jan 16th -----

All US markets will be closed in observance of Martin Luther King Jr. Day

----- Tuesday, Jan 17th-----

8:30 AM ET: The New York Fed Empire State manufacturing survey for January. The consensus is for a reading of 8.0, down from 9.0.

----- Wednesday, Jan 18th -----

7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.

8:30 AM: The Consumer Price Index for December from the BLS. The consensus is for 0.3% increase in CPI, and a 0.2% increase in core CPI.

Industrial Production9:15 AM: The Fed will release Industrial Production and Capacity Utilization for December.

This graph shows industrial production since 1967.

The consensus is for a 0.6% increase in Industrial Production, and for Capacity Utilization to increase to 75.4%.

10:00 AM: The January NAHB homebuilder survey. The consensus is for a reading of  69, down from 70 in December. Any number above 50 indicates that more builders view sales conditions as good than poor.

During the day: The AIA's Architecture Billings Index for December (a leading indicator for commercial real estate).

2:00 PM: the Federal Reserve Beige Book, an informal review by the Federal Reserve Banks of current economic conditions in their Districts.

3:00 PM: Speech, Fed Chair Janet Yellen, The Goals of Monetary Policy and How We Pursue Them, At the Commonwealth Club, San Francisco, California

----- Thursday, Jan 19th -----

8:30 AM ET: The initial weekly unemployment claims report will be released.  The consensus is for 255 thousand initial claims, up from 247 thousand the previous week.

Total Housing Starts and Single Family Housing Starts8:30 AM: Housing Starts for December.

Total housing starts decreased to 1.090 Million (SAAR) in November. Single family starts decreased to 828 thousand SAAR in November.

The consensus is for 1.200 million, up from the November rate.

8:30 AM: the Philly Fed manufacturing survey for January. The consensus is for a reading of 16.0, down from 19.7.

8:00 PM: Speech, Fed Chair Janet Yellen, The Economic Outlook and the Conduct of Monetary Policy, At the Stanford Institute for Economic Policy Research, San Francisco, California

----- Friday, Jan 20th -----

No economic releases scheduled.