Weekly calendar 12/12 ~12/16/2016
The Calendar
We have a big week for data.
The “A” List
- FOMC rate decision (W). An increase is widely expected. The statement and Yellen’s press conference may yield hints about next year.
- Housing starts and building permits (F). Softening pace expected in this important sector.
- Retail sales (W). November data following a very strong October.
- Industrial production (W). Any improvement in this economic weak spot?
- Initial claims (Th). The best concurrent indicator for employment trends.
The “B” List
- PPI (W). Interest in inflation measures is increasing, but prices are not.
- CPI (Th). See PPI above. Eventually these will be important.
- Philly Fed (Th). The first look at December data is expected to be positive.
- Business inventories (W). Significant for Q4 GDP, but little change is expected.
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Crude inventories (W). Recently showing even more impact on oil prices. Rightly or wrongly, that spills over to stocks.
With the FOMC meeting at mid-week, FedSpeak is on mute. Expect plenty more news on possible Trump policies.
