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Sunday, March 16, 2014

Monday: Industrial Production, Empire State Mfg Survey, Builder Confidence

by Calculated Risk on 3/16/2014 08:05:00 PM

• At 8:30 AM ET, the NY Fed Empire State Manufacturing Survey for March. The consensus is for a reading of 6.5, up from 4.5 in February (above zero is expansion).

• At 9:15 AM, the Fed will release Industrial Production and Capacity Utilization for February. The consensus is for a 0.3% increase in Industrial Production, and for Capacity Utilization to increase to 78.6%.

• At 10:00 AM, the March NAHB homebuilder survey. The consensus is for a reading of 50, up from 46 in February. Any number above 50 indicates that more builders view sales conditions as good than poor.

Schedule for Week of March 16th

FOMC Preview: More Tapering, Change to Guidance

From CNBC: Pre-Market Data and Bloomberg futures: the S&P futures are down 3 and DOW futures are down 33 (fair value).

Oil prices are down with WTI futures at $99.11 per barrel and Brent at $108.21 per barrel.

Below is a graph from for nationwide gasoline prices. Nationally prices are around $3.50 per gallon (up sharply over the last month, but still down from the same week a year ago).  If you click on "show crude oil prices", the graph displays oil prices for WTI, not Brent; gasoline prices in most of the U.S. are impacted more by Brent prices.

Orange County Historical Gas Price Charts Provided by