Tuesday:
• At 6:00 AM ET, NFIB Small Business Optimism Index for January.
• At 8:30 AM, The Producer Price Index for January from the BLS. The consensus is for 0.3% increase in PPI, and a 0.2% increase in core PPI.
• At 10:00 AM, Testimony by Fed Chair Janet Yellen, Semiannual Monetary Policy Report to the Congress, Before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate, Washington, D.C.
The inflation PPI came in "hot." Yes, the index and testimony are boring. They used to mean something but like most managed data their usefulness decays over time.
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