The key reports scheduled for this week are the February employment report, December New Home Sales, and January Housing Starts (Some more catching up).
Other key reports scheduled for this week are the trade deficit and February vehicle sales.
Fed Chair Jerome Powell will speak on Friday about Monetary Policy Normalization.
This graph shows light vehicle sales since the BEA started keeping data in 1967. The dashed line is the January sales rate.
10:00 AM: Construction Spending for December. The consensus is for a 0.6% increase in construction spending.
This graph shows New Home Sales since 1963. The dashed line is the sales rate for last month.
The consensus is for 591 thousand SAAR, down from 657 thousand in November.
10:00 AM: Corelogic House Price index for January.
10:00 AM: the ISM non-Manufacturing Index for February.
7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.
8:15 AM: The ADP Employment Report for February. This report is for private payrolls only (no government). The consensus is for 180,000 payroll jobs added in February, down from 213,000 added in January.
This graph shows the U.S. trade deficit, with and without petroleum, through the most recent report. The blue line is the total deficit, and the black line is the petroleum deficit, and the red line is the trade deficit ex-petroleum products.
The consensus is the trade deficit to be $57.6 billion. The U.S. trade deficit was at $49.3 billion in November.
2:00 PM: the Federal Reserve Beige Book, an informal review by the Federal Reserve Banks of current economic conditions in their Districts.
8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for 225 thousand initial claims, unchanged from 225 thousand the previous week.
12:00 PM: Q4 Flow of Funds Accounts of the United States from the Federal Reserve.
3:00 PM: Consumer Credit from the Federal Reserve.
There were 304,000 jobs added in January, and the unemployment rate was at 4.0%.
This graph shows the year-over-year change in total non-farm employment since 1968.
In January the year-over-year change was 2.807 million jobs.
This graph shows single and total housing starts since 1968.
The consensus is for 1.170 million SAAR, up from 1.078 million SAAR.
10:00 PM: Speech by Fed Chair Jerome Powell, Monetary Policy Normalization and Review, At the 2019 Stanford Institute for Economic Policy Research (SIEPR) Economic Summit, Stanford, California