Economic Events on December 14, 2010

At 7:45 AM EST, the weekly ICSC-Goldman Store Sales report will be released, giving an update on the health of the consumer through this analysis of retail sales.

At 8:30 AM EDT, the Producer Price Index for November will be released.  The consensus is that the index increased 0.7% over last month, and increased 0.3% when food and energy are excluded.

Also at 8:30 AM EDT, the Retail Sales report for November will be released.  The consensus is that retail sales increased 0.7% from October, after a 1.2% increase last month.

At 8:55 AM EST, the weekly Redbook report will be released, giving us more information about consumer spending.

At 10:00 AM EDT, the Business Inventories report for October will be released.  The consensus is that inventories increased 1.0% from September.

At 2:15 PM EDT, the FOMC Meeting Announcement will be made, which will provide insight into how long the Federal Reserve plans to keep rates at 0%.  It is assumed that there will be no immediate change in the Fed funds target rate, but any hint that rates could rise in the future could have an impact on the bond market and stock market.

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