The key reports this week are February Retail Sales and Housing Starts.
For manufacturing, the February Industrial Production report and the March NY and Philly Fed manufacturing surveys will be released.
The FOMC meets this week, and no change to policy is expected.
8:30 AM: The New York Fed Empire State manufacturing survey for March. The consensus is for a reading of 14.5, up from 12.1.
10:00 AM: State Employment and Unemployment (Monthly) for January 2021
8:30 AM: Retail sales for February is scheduled to be released. The consensus is for a 0.5% decrease in retail sales.
This graph shows the year-over-year change in retail sales and food service (ex-gasoline) since 1993. Retail and Food service sales, ex-gasoline, increased by 8.6% on a YoY basis in January.
9:15 AM: The Fed will release Industrial Production and Capacity Utilization for February.
This graph shows industrial production since 1967.
The consensus is for a 0.6% increase in Industrial Production, and for Capacity Utilization to increase to 75.8%.
10:00 AM: The March NAHB homebuilder survey. The consensus is for a reading of 83, down from 84. Any number above 50 indicates that more builders view sales conditions as good than poor.
8:30 AM: Housing Starts for February.
This graph shows single and total housing starts since 1968.
The consensus is for 1.570 million SAAR, down from 1.580 million SAAR.
2:00 PM: FOMC Meeting Announcement. No change to policy is expected at this meeting.
2:00 PM: FOMC Forecasts This will include the Federal Open Market Committee (FOMC) participants’ projections of the appropriate target federal funds rate along with the quarterly economic projections.
2:30 PM: Fed Chair Jerome Powell holds a press briefing following the FOMC announcement.
8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for a increase to 715 thousand from 712 thousand last week.
8:30 AM: the Philly Fed manufacturing survey for March. The consensus is for a reading of 24.5, up from 23.1.
No major economic releases scheduled.