Economic Events on January 16, 2013

The Mortgage Bankers’ Association purchase index will be released at 7:00 AM Eastern time, providing an update on the quantity of new mortgages and refinancings closed in the last week.

At 8:30 AM Eastern time, the Consumer Price Index report for December will be released.  The consensus is that CPI was unchanged last month, and there was a 0.1% increase in CPI when food and energy are removed.

At 9:00 AM Eastern time, the Treasury International Capital report for November will be released, showing the flow of capital in and out of the United States economy.

At 9:15 AM Eastern time, the Industrial Production report for December will be released. The consensus is that there will be an increase 0f 0.2% in production and an increase 0f 0.4% in industrial capacity utilization.

At 10:00 AM Eastern time, the Housing Market Index for January will be announced.  This index is created from a survey of home builders, so it shows the confidence that the sector has in the overall economy and their business.

At 10:30 AM Eastern time, the weekly Energy Information Administration Petroleum Status Report will be released, giving investors an update on oil inventories in the United States.

At 2:00 PM Eastern time, the Beige Book report will be released, giving us more information about economic conditions in each Federal Reserve district in advance of the next Fed meeting.

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