by Calculated Risk on 3/09/2024 08:11:00 AM
The key reports this week are February CPI and Retail Sales.
For manufacturing, the February Industrial Production report and the March NY Fed manufacturing survey will be released.
—– Monday, March 11th —–
10:00 AM: State Employment and Unemployment (Monthly) for January 2024
—– Tuesday, March 12th —–
6:00 AM ET: NFIB Small Business Optimism Index for February.
8:30 AM: The Consumer Price Index for February from the BLS. The consensus is for a 0.4% increase in CPI, and a 0.3% increase in core CPI. The consensus is for CPI to be up 3.1% Year-over-year (YoY), and core CPI to be up 3.7% YoY.
—– Wednesday, March 13th —–
7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.
—– Thursday, March 14th —–
8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for 221 thousand initial claims, up from 217 thousand last week.
8:30 AM: Retail sales for February is scheduled to be released. The consensus is for a 0.7% increase in retail sales.
This graph shows retail sales since 1992. This is monthly retail sales and food service, seasonally adjusted (total and ex-gasoline).
8:30 AM: The Producer Price Index for February from the BLS. The consensus is for a 0.2% increase in PPI, and a 0.3% increase in core PPI.
—– Friday, March 15th —–
8:30 AM: The New York Fed Empire State manufacturing survey for March. The consensus is for a reading of -8.0, down from -2.4.
9:15 AM: The Fed will release Industrial Production and Capacity Utilization for February.
This graph shows industrial production since 1967.
The consensus is no changed in Industrial Production, and for Capacity Utilization to decrease to 78.4%.
10:00 AM: University of Michigan’s Consumer sentiment index (Preliminary for March).
