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Saturday, January 08, 2011

Schedule for Week of January 9th

by Calculated Risk on 1/08/2011 02:30:00 PM

The key report this week will be December retail sales on Friday.

----- Monday, Jan 10th -----

12:40 PM ET: Atlanta Fed President Dennis Lockhart speaks on the economic outlook.

----- Tuesday, Jan 11th -----

7:30 AM: NFIB Small Business Optimism Index for December. This index has been showing some small increases in optimism.

Small Business Optimism IndexClick on graph for larger image in graph gallery.

This graph shows the small business optimism index since 1986. Although the index increased to 93.2 in November (highest since December 2007), it is still at recessionary levels according to NFIB Chief Economist Bill Dunkelberg.

8:30 AM ET: Philadelphia Fed President Charles Plosser speaks on the economic outlook.

9:00 AM ET: Ceridian-UCLA Pulse of Commerce Index™ This is the diesel fuel index for December (a measure of transportation).

10:00 AM: Job Openings and Labor Turnover Survey for November from the BLS. This report has been showing a general increase in job openings, but very little turnover in the labor market.

10:00 AM: Monthly Wholesale Trade: Sales and Inventories for November. The consensus is for a 1.0% increase in inventories.

2:00 PM ET: Minneapolis Fed President Narayana Kocherlakota speaks before the Wisconsin Banker's Association Annual Economic Forecast Luncheon.

----- Wednesday, Jan 12th -----

7:00 AM: The Mortgage Bankers Association (MBA) will release the mortgage purchase applications index. This index has been at a low level for months suggesting weak home sales early in 2011.

1:00 PM ET: Dallas Fed President Richard Fisher speaks on the "The Limits of Monetary Policy".

2:00 PM ET: The Fed Beige Book will be released. This is an informal review by the Federal Reserve Banks of current economic conditions.

----- Thursday, Jan 13th -----

8:30 AM: The initial weekly unemployment claims report will be released. The number of initial claims has been trending down over the last couple of months. The consensus is for a decrease to 402,000 from 409,000 last week.

8:30 AM: Producer Price Index for November. The consensus is for a 0.8% increase in producer prices.

8:30 AM: Trade Balance report for November from the Census Bureau. The consensus is for the U.S. trade deficit to be around $41 billion, up from $38.7 billion in October.

----- Friday, Jan 14th -----

8:30 AM: Retail Sales for December. The consensus is for a 0.8% increase from November. (0.7% increase ex-auto).

8:30 AM: Consumer Price Index for December. The consensus is for a 0.4% increase in prices. The consensus for core CPI is an increase of 0.1%.

9:15 AM ET: The Fed will release Industrial Production and Capacity Utilization for December.

Industrial ProductionThis graph shows industrial production since 1967. Industrial production increased in November, but production is still 6.8% below the pre-recession levels at the end of 2007.

The consensus is for a 0.5% increase in Industrial Production in December, and an increase to 75.6% (from 75.2%) for Capacity Utilization.

9:55 AM: Reuters/University of Mich Consumer Sentiment preliminary for January. The consensus is for an increase to 75.5 from 74.5 in December.

10:00 AM: Manufacturing and Trade: Inventories and Sales for November. The consensus is for a 0.7% increase in inventories.

12:00 PM: Richmond Fed President Jeffrey Lacker speaks on the economic outlook.

After 4:00 PM: The FDIC might have a busy Friday afternoon ...