Big Wednesday on the economic and central banker calendar for the US
7am ET 1200GMT
Mortgage Bankers Association (MBA) Mortgage Applications
- prior +2.3%
At 8:30am ET 1230GMT
Retail sales (advance reading) January
- expected 0.1% m/m, prior 0.6%
- Also watch the ex-Autos figure (exp +0.4%, prior +0.2%)
- & and the ex-Autos and Gas (expected +0.3%, prior flat at 0.0% m/m change)
Also 8:30am
Consumer Price Index (CPI) January
- expected 0.3% m/m, prior 0.3%
- Core, expected 0.2% m/m, prior 0.2%
- Prices have been slowly edging higher
Also 8:30am
New York Federal Reserve Empire State Manufacturing Survey for February
- expected 7.0, prior 6.5
- An indicator that has been showing a pick up in manufacturing. January's result was the third straight increase
9:15am 1415GMT
Federal Reserve releases Industrial Production & Capacity Utilization, January
- For IP, expected 0.0% (i.e. no change), prior +0.8%
- The manufacturing component of this indicator has not been strong (autos excluded)
- Capacity utilization (that's how that lot spell it, right?), expected 75.4%, prior 75.5%
10am 1500GMT
Testimony by Federal Reserve Chair Janet Yellen
Semi-annual Monetary Policy Report, part 2. This time to the House of Reps committee
Also 10am, NAHB homebuilder survey for February and the Business inventories report for December
10:30am ET, for the oil traders, Energy Information Administration (EIA) weekly information on inventories
1pm ET 1800GMT
Philadelphia Federal Reserve President Patrick Harker speaking (on the economy)
- Audience Q&A
- Media Q&A both to follow
1.10pm ET 1810GMT
Boston Federal Reserve President Eric Rosengren speaking to the NY Association for Business Economics
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And, as a ps.
NY Fed President William Dudley is speaking at 7.15pm ET (0015GMT on Thursday 16 February 2017)
