Economic Events on January 25, 2011

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

At 9:00 AM EST, the monthly S&P/Case-Shiller home price index report will be released.  Given that most economists don’t expect the overall U.S. economy to improve until housing prices end their decline, the market will be watching this number closely.

At 10:00 AM EST, the monthly report on Consumer Confidence for January will be released.  The consensus index level is 54.3, which would be a 1.8 point increase from December’s unexpectedly low number.

Also at 10:00 AM EST, the FHFA House Price Index for November will be released, providing more information about the direction of the housing market.

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