Saturday, February 08, 2020

Schedule for Week of February 9, 2020

by Calculated Risk on 2/08/2020 08:11:00 AM

The key reports this week are January CPI and retail sales.

For manufacturing, the January Industrial Production report will be released.

Fed Chair Powell testifies to Congress this week.

----- Monday, Feb 10th -----

No major economic releases scheduled.

----- Tuesday, Feb 11th -----

6:00 AM ET: NFIB Small Business Optimism Index for January.

Job Openings and Labor Turnover Survey 10:00 AM ET: Job Openings and Labor Turnover Survey for December from the BLS.

This graph shows job openings (yellow line), hires (purple), Layoff, Discharges and other (red column), and Quits (light blue column) from the JOLTS.

Jobs openings decreased in November to 6.800 million from 7.361 million in October.

The number of job openings (yellow) were down 11% year-over-year, and Quits were up 5% year-over-year.

10:00 AM: Testimony, Fed Chair Jerome Powell, Semiannual Monetary Policy Report to the Congress, Before the Committee on Financial Services, U.S. House of Representatives

11:00 AM: NY Fed: Q4 Quarterly Report on Household Debt and Credit

----- Wednesday, Feb 12th -----

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

10:00 AM: Testimony, Fed Chair Jerome Powell, Semiannual Monetary Policy Report to the Congress, Before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate

----- Thursday, Feb 13th -----

8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for 212,000 initial claims, up from 202,000 last week.

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

----- Friday, Feb 14th -----

Year-over-year change in Retail Sales8:30 AM: Retail sales for January is scheduled to be released.  The consensus is for a 0.3% increase in retail sales.

This graph shows the year-over-year change in retail sales and food service (ex-gasoline) since 1993. In December, Retail and Food service sales, ex-gasoline, increased by 5.5% on a YoY basis.

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

This graph shows industrial production since 1967.

The consensus is for a 0.2% decrease in Industrial Production, and for Capacity Utilization to decrease to 76.8%.

10:00 AM: University of Michigan's Consumer sentiment index (Preliminary for February). The consensus is for a reading of 99.3.