Economic Events on May 12, 2011

At 8:30 AM EDT, the U.S. government will release its weekly Jobless Claims report.  The consensus is that there were 430,000 new jobless claims last week, which would would be 44,000 less than the unexpectedly high number released last week.

Also at 8:30 AM EDT, the Producer Price Index for April will be released.  The consensus is that the index increased 0.6% over last month, and increased 0.2% when food and energy are excluded.

Also at 8:30 AM EDT, the Retail Sales report for April will be released.  The consensus is that retail sales increased 0.6% , after a 0.4% increase last month.

At 10:00 AM EDT, the Business Inventories report for March will be released.  The consensus is that inventories increased 0.8% from the previous month.

Also at 10:00 AM EDT, Federal Reserve Chairman Ben Bernanke will testify on Dodd-Frank implementation before the Senate Banking Committee in Washington DC.

At 9:45 AM EDT, the weekly Bloomberg Consumer Comfort Index will be released, providing an update on Americans’ views of the U.S. economy, their personal finances and the buying climate.

At 10:30 AM EDT, the weekly Energy Information Administration Natural Gas Report will be released, giving an update on natural gas inventories in the United States.

At 4:30 PM EDT, the Federal Reserve will release its Money Supply report, showing the amount of liquidity available in the U.S. economy.

Also at 4:30 PM EDT, the Federal Reserve will release its Balance Sheet report, showing the amount of liquidity the Fed has injected into the economy by adding or removing reserves.

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