This Weeks Economic Calendar: Whats UP or Down with rates?
By Robert Rauf
(HomeBridge Financial Services (NJ))
Sorry for being a little late with this today. Every now and then Mondays seem to get away from you! Here is this weeks Calendar: Monday December 15: Fed began their 2 day meeting today; no word expected till Tuesday. Monday, 12/5: Industrial production & Capacity Utilization, expected -0.8% and 75.7. The manufacturing numbers in November were negative, so no surprises that these numbers are down. Not likely to cause any more than a ripple in the market. Tuesday December 16: Housing starts and Building permits, -6.4% and -4.1%. Market demand remains low. Builders have reduced inventory, but this number is still anticipated to be weak Tuesday: CPI expected -1.3% with a core +0.1. The big drop is mostly due to the price of oil, I have seen $1.40's!!! it is the biggest drop since 1947, ...