The FOMC rate decision, and Janet Yellen’s press conference on Wednesday, certainly highlight the week ahead, but there’s a fair amount of other U.S. data as well this week. Given the ECB meeting last week and the recent run up in oil, CPI data on Thursday will be closely watched. The impact in the markets of the formation of a new government in Italy remains to be seen. Other potentially interesting international events include, a meeting of EU leaders on Thursday to discuss migration issues, the Brexit process, and a meeting between Japan PM Abe and Russia President Putin the same day. It may sound a bit old, but the expectation this week, is continued volatility in the mortgage markets.
Economic Calendar for the week of 12/12/2016 to 12/16/2016:
Monday: Monthly Budget Statement
Tuesday: NFIB Small Business Optimism and Import Price Index,
Wednesday: MBA Mortgage Applications, Retail Sales, PPI Final Demand, Industrial Production, Manufacturing Production, Capacity Utilization, Business Inventories and FOMC Rate Decision
Thursday: Initial Jobless Claims, Continuing Claims, Consumer Price Index, Current Account Balance, Empire Manufacturing, Real Average Weekly Earnings, Philadelphia Fed Business Outlook, Bloomberg Consumer Comfort Index, and Markit US Manufacturing PMI
Friday: Housing Starts and Building Permits