Happy Friday.
It's been a dismal week for economic data in the sense that there hasn't been much of it. There is a bit more to chew on next week, including a PCE report that the Fed will be watching very closely. It's a leap year in 2024 for the first time since Feb 2020, when the pandemic was starting to fill front pages.
Monday, February 26
| Time | Event | Consensus | Prior |
|---|---|---|---|
| - | AUCTION: 2-YR TREASURIES $63B | ||
| - | AUCTION: 5-YR TREASURIES $64B | ||
| 10:00 AM | NEW HOME SALES SAAR (Jan) | 684K | 664K |
| 10:00 AM | NEW HOME SALES M/M (Jan) | 3.0% | 8.0% |
| 7:40 PM | Speaker: Jeffrey Schmid (Kansas City) |
Tuesday, February 27
| Time | Event | Consensus | Prior |
|---|---|---|---|
| - | AUCTION: 7-YR TREASURIES $42B | ||
| 8:30 AM | DURABLE GOODS ORDERS M/M (Jan P) | -4.5% | 0.0% |
| 8:30 AM | DURABLE GOODS ORDERS EX-TRANS M/M (Jan P) | 0.2% | 0.5% |
| 9:00 AM | HOUSE PRICE INDEX M/M (Dec) | 0.3% | |
| 9:00 AM | S&P CORELOGIC CS Y/Y (Dec) | 6.0% | 5.4% |
| 10:00 AM | RICHMOND FED MANUF. INDEX (Feb) | -15 | |
| 10:00 AM | CONF.BOARD CONSUMER CONFIDENCE (Feb) | 114.8 | 114.8 |
| 9:05 AM | Speaker: Michael S Barr (Governor) |
Wednesday, February 28
| Time | Event | Consensus | Prior |
|---|---|---|---|
| 7:00 AM | MBA-APPLICATIONS (Feb 23) | -10.6% | |
| 8:30 AM | GDP (annualized) (4Q S) | 3.3% | 3.3% |
| 8:30 AM | GDP DEFLATOR (annualized) (4Q S) | 1.5% | 1.5% |
| 8:30 AM | ADVANCE GOODS TRADE BALANCE (Jan) | -$88.1B | -$87.9B |
| 8:30 AM | RETAIL INVENTORIES M/M (Jan) | 0.8% | |
| 8:30 AM | WHOLESALE INVENTORIES M/M (Jan P) | 0.4% | |
| 12:00 PM | Speaker: Raphael W. Bostic (Atlanta) | ||
| 12:15 PM | Speaker: Susan M. Collins (Boston) | ||
| 12:45 PM | Speaker: John C. Williams (Vice Chairman, New York) |
Thursday, February 29
| Time | Event | Consensus | Prior |
|---|---|---|---|
| 8:30 AM | INITIAL CLAIMS (Feb 24) | 210K | 201K |
| 8:30 AM | CONTINUING CLAIMS (Feb 17) | 1862K | |
| 8:30 AM | PCE DEFLATOR Y/Y (Jan) | 2.4% | 2.6% |
| 8:30 AM | PCE DEFLATOR Y/Y (core) (Jan) | 2.8% | 2.9% |
| 8:30 AM | PERSONAL INCOME M/M (Jan) | 0.5% | 0.3% |
| 8:30 AM | PERSONAL SPENDING M/M (Jan) | 0.2% | 0.7% |
| 9:45 AM | CHICAGO PMI (Feb) | 47.9 | 46.0 |
| 10:00 AM | PENDING HOME SALES M/M (Jan) | 1.0% | 8.3% |
| 10:50 AM | Speaker: Raphael W. Bostic (Atlanta) (Voter) | ||
| 11:00 AM | Speaker: Austan D. Goolsbee, Chicago (Non-Voter) | ||
| 1:15 PM | Speaker: Loretta Mester (Cleveland) (Voter) | ||
| 8:10 PM | Speaker: John C. Williams (Vice Chairman, New York) (Voter) |
Friday, March 1
| Time | Event | Consensus | Prior |
|---|---|---|---|
| 9:45 AM | S&P GLOBAL US MANUFACTURING PMI (Feb) | 51.5 | |
| 10:00 AM | ISM - MANUFACTURING (Feb) | 49.5 | 49.1 |
| 10:00 AM | CONSTRUCTION SPENDING M/M (Jan) | 0.2% | 0.9% |
| 10:00 AM | MICHIGAN CONSUMER SENTIMENT (Feb) | 79.6 | 79.6 |
| 10:15 AM | Speaker: Christopher J. Waller (Governor) (Voter) | ||
| 12:15 PM | Speaker: Raphael W. Bostic (Atlanta) (Voter) | ||
| 1:30 PM | Speaker: Mary C. Daly (San Francisco) (Voter) | ||
| 3:30 PM | Speaker: Adriana D. Kugler (Governor) (Voter) |
