Wednesday: Retail Sales (Postponed), Homebuilder Survey, Beige Book

Wednesday:
• At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.

• At 8:30 AM, POSTPONED Retail sales for December is scheduled to be released.  The consensus is for a 0.2% increase in retail sales.

• At 10:00 AM, The January NAHB homebuilder survey. The consensus is for a reading of  57, up from 54. Any number above 50 indicates that more builders view sales conditions as good than poor.

• At 2:00 PM, the Federal Reserve Beige Book, an informal review by the Federal Reserve Banks of current economic conditions in their Districts.