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Sunday, April 13, 2014

Monday: Retail Sales, CBO Budget Projections

by Calculated Risk on 4/13/2014 08:38:00 PM

• At 8:30 AM ET, Retail sales for March will be released. The consensus is for retail sales to increase 0.8% in March, and to increase 0.4% ex-autos.

• At 10:00 AM, Manufacturing and Trade: Inventories and Sales (business inventories) report for February. The consensus is for a 0.5% increase in inventories.

• At 11:00 AM, CBO will release its updated 10-year baseline projections of federal spending, revenues, and budget deficits.

Schedule for Week of April 13th

Q1 Review: Ten Economic Questions for 2014

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

Oil prices are up with WTI futures at $104.05 per barrel and Brent at $107.33 per barrel.

Below is a graph from for nationwide gasoline prices. Nationally prices are around $3.60 per gallon, up sharply from earlier this year and more than 5 cents higher than last year at this time. 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