The Week Ahead
Economic reports due out this week are expected to show a faster than expected rebound for a number of key indicators.
- We’ll get new reports on industrial production (consensus +0.3%), retail sales (consensus +9.0%), housing starts & building permits (consensus 1170K and 1260K), and initial unemployment claims (consensus 1.35 million). See table below for details.
- On the U.S. monetary policy front, the Financial Times reports “US Federal Reserve chair Jay Powell delivers his semi-annual monetary policy report testimony before Congress on Tuesday and Wednesday, after announcing a firm commitment last week to keeping interest rates low.”
- Overseas, the Bank of Japan meets this week, China reports on retail sales, and new euro zone inflation figures are due out, including updated German producer price indexes.
- Be safe and have a great week!
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