Economic Events on March 1, 2012

The figures for motor vehicle sales for February will be released today.  The consensus estimate is that 14.0 million autos were sold last month, which would be 200,000 less than the previous month.

The monthly Chain Store Sales report will be released today.  This report on sales in chain stores gives a look at the health of stores that make up about 10% of all retail sales.

At 8:30 AM Eastern time, the U.S. government will release its weekly Jobless Claims report. The consensus is that there were 355,000 new jobless claims last week, which would would be 4,000 more than the previous week.

Also at 8:30 AM Eastern time, the monthly Personal Income and Outlays report for January will be released. The consensus for Personal Income is an increase of 0.3% over the previous month and the consensus Consumer Spending index change is an increase of 0.2%.

At 9:45 AM Eastern time, 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 10:00 AM Eastern time, the Construction Spending report for January will be released, and the consensus is that there was an increase of 1.4% in spending compared to the previous month.

Also at 10:00 AM Eastern time, the ISM manufacturing index for October will be released.  The consensus estimate is that it increased 0.5 points last month to a value of 54.6, and will still signal economic growth as it stays above the mid-point of 50.

Also at 10:00 AM Eastern time, Federal Reserve Chairman Ben Bernanke will testify at the U.S. Senate on the Federal Reserve’s Semiannual Monetary Policy Report to the Congress.

At 10:30 AM Eastern time, 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 Eastern time, 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 Eastern time, 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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Economic Events on February 29, 2012

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 preliminary GDP report for the fourth quarter of 2011 will be announced.  The consensus is an increase of 2.8% in real GDP and an increase of 0.4% in the GDP price index.  The real GDP estimate is the same as the advance value for the fourth quarter of 2011, and the GDP price index is the same.

At 9:45 AM Eastern time, the Chicago PMI Index for February will be announced. The consensus index value is 61.0, which is 0.8 points higher than last month, and is still above the break-even level at 50.

At 9:30 AM Eastern time, Federal Reserve Chairman Ben Bernanke will give his semiannual report to the House Financial Services Committee.

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.

At 3:00 PM Eastern time, the Farm Prices report for February will be released, giving investors and economists an indication of the direction of food prices in the coming months.

Economic Events on February 16, 2012

At 8:30 AM Eastern time, the U.S. government will release its weekly Jobless Claims report. The consensus is that there were 365,000 new jobless claims last week, which would would be 7,000 more than the previous week.

Also at 8:30 AM Eastern time, the Housing Starts report for January will be released.  The consensus is that construction on 675,000 new homes were started last month, which would be an increase of 18,000 from the previous month.

Also at 8:30 AM Eastern time, the Producer Price Index for January will be released.  The consensus is that the index increased 0.4% last month, and was increased 0.2% when food and energy are excluded.

At 9:00 AM Eastern time, Federal Reserve Chairman Ben Bernanke will make remarks at the FDIC’s Future of Community Banking Conference.

At 9:45 AM Eastern time, 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 10:00 AM Eastern time, the Philadelphia Fed Survey report for February will be released.  The consensus is that the index will be at 9.5, which would be an increase of 2.2 points from the previous month.

At 10:30 AM Eastern time, 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 Eastern time, 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 Eastern time, 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.

Economic Events on February 10, 2012

At 8:30 AM Eastern time, the International Trade report for December will be released.  The consensus is a deficit of $47.8 billion, which would be the same value as the previous month.

At 9:55 AM Eastern time, Consumer Sentiment for the first half of February will be announced.  The consensus is that the index will be at 74.3, which would be a decrease of 0.7 points from the level reported in the second half of last month.

At 12:30 PM Eastern time, Federal Reserve Chairman Ben Bernanke will speak to the 2012 National Association of Homebuilders International Builders’ Show on the topic of Housing Markets In Transition.

At 2:00 PM Eastern time, the Treasury budget for January will be released, providing an account of the federal government’s budget surplus or deficit for that month.

Economic Events on February 7, 2012

At 7:45 AM Eastern time, 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 Eastern time, the weekly Redbook report will be released, giving us more information about consumer spending.

At 10:00 AM Eastern time, Federal Reserve Chairman Ben Bernanke will testify to the Senate Budget Committee on the economy.

At 3:00 PM Eastern time, the Consumer Credit report for December will be released. The consensus estimate is that there will be an increase of $7.0 billion in the consumer credit available, after an increase of $20.4 billion in the previous month.

Economic Events on November 9, 2011

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 9:30 AM Eastern time, Federal Reserve Chairman Ben Bernanke will make remarks at the Conference on Small Business and Entrepreneurship during an Economic Recovery.

At 10:00 AM Eastern time, the Wholesale Trade report will be released for September, showing inventory levels for wholesalers in the United States.  The consensus is that wholesale inventories increased 0.6% .

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.

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Economic Events on November 2, 2011

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

The Challenger Job-Cut Report will be released at 7:30 AM EDT, providing an estimate of the number of layoffs in October.

At 8:15 AM EDT, the monthly ADP Employment Report will be released.  Investors will be watching this number to get advance notice on the state of the job market in advance of the government’s report on Friday.

At 9:00 AM EDT, the Treasury Refunding Announcement will be released, where the U.S. Treasury states its funding needs for the next two quarters.

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

At 12:30 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.

At 2:15 PM EDT, Federal Reserve Chairman Ben Bernanke will hold a press conference to discuss the FOMC economic projections.

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Economic Events on October 18, 2011

At 7:45 AM EDT, 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 September will be released.  The consensus is that the index increased 0.3% last month, and was unchanged when food and energy are excluded.

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

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

At 10:00 AM EDT, the Housing Market Index for September 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 1:15 PM EDT, Federal Reserve Chairman Ben Bernanke will speak  before the Boston Fed Bank conference on the topic of long term effects of the great recession.

Economic Events on October 4, 2011

At 7:45 AM EDT, 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 EDT, the weekly Redbook report will be released, giving us more information about consumer spending.

At 10:00 AM EDT, the Factory Orders report for August will be released.  The consensus is that there was a decrease of 0.3% in orders from the previous month.

Also at 10:00 AM EDT, Federal Reserve Chairman Ben Bernanke will speak  before the Joint Economic Committee of the United States Congress on the topic of Economic Outlook and Recent Monetary Policy Actions.

Economic Events on September 28, 2011

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

At 8:30 AM EDT, the Durable Goods Orders report for August will be released. The consensus is that there was an increase of 0.2% from July.

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

At 5:00 PM EDT, Federal Reserve Chairman Ben Bernanke will speak at the Cleveland Clinic on Lessons from Emerging Market Economies on the Sources of Sustained Growth.

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