RSS Feed by Calculated Risk on 3/21/2015 11:58:00 AM
Saturday, March 21, 2015
Schedule for Week of March 22, 2015
The key economic reports this week are February new home sales on Tuesday, existing home sales on Monday, the Consumer Price Index on Tuesday, and the third estimate of Q4 GDP on Friday.
Fed Chair Janet Yellen will speak on Monetary Policy on Friday.
8:30 AM ET: Chicago Fed National Activity Index for February. This is a composite index of other data.
10:00 AM: Existing Home Sales for February from the National Association of Realtors (NAR). The consensus is for sales of 4.94 million on seasonally adjusted annual rate (SAAR) basis. Sales in January were at a 4.82 million SAAR. Economist Tom Lawler estimates the NAR will report sales of 4.87 million SAAR.
A key will be the reported year-over-year increase in inventory of homes for sale.
12:20 PM, Speech by Fed Vice Chairman Stanley Fischer, Monetary Policy Lessons and the Way Ahead, At the Economic Club of New York, New York, N.Y
8:30 AM: Consumer Price Index for February. The consensus is for a 0.2% increase in CPI, and for core CPI to increase 0.1%.
9:00 AM: FHFA House Price Index for January 2015. This was originally a GSE only repeat sales, however there is also an expanded index.
10:00 AM: New Home Sales for February from the Census Bureau. This graph shows New Home Sales since 1963. The dashed line is the January sales rate.
The consensus is for a decrease in sales to 475 thousand Seasonally Adjusted Annual Rate (SAAR) in February from 481 thousand in January.
10:00 AM: Richmond Fed Survey of Manufacturing Activity for March.
7:00 AM: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.
8:30 AM: Durable Goods Orders for February from the Census Bureau. The consensus is for a 0.5% increase in durable goods orders.
8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for claims to increase to 293 thousand from 291 thousand.
11:00 AM: the Kansas City Fed manufacturing survey for March.
8:30 AM: Gross Domestic Product, 4th quarter 2014 (third estimate). The consensus is that real GDP increased 2.4% annualized in Q4, up from the second estimate of 2.2%.
10:00 AM: University of Michigan's Consumer sentiment index (final for March). The consensus is for a reading of 91.8, up from the preliminary reading of 91.2, but down from the February reading of 95.4.
10:00 AM: Regional and State Employment and Unemployment (Monthly), February 2015
3:45 PM: Speech, Fed Chair Janet Yellen, Monetary Policy, At the Federal Reserve Bank of San Francisco Conference: The New Normal for Monetary Policy, San Francisco, Calif
