The key reports this week are January CPI and the December trade deficit.
—– Monday, February 7th —–
No major economic releases scheduled.
—– Tuesday, February 8th —–
6:00 AM ET: NFIB Small Business Optimism Index for 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 $83.0 billion. The U.S. trade deficit was at $80.2 billion in November.
11:00 AM: NY Fed: Q4 Quarterly Report on Household Debt and Credit
—– Wednesday, February 9th —–
7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.
—– Thursday, February 10th —–
8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for a decrease to 235 thousand from 238 thousand last week.
8:30 AM: The Consumer Price Index for January from the BLS. The consensus is for 0.5% increase in CPI, and a 0.5% increase in core CPI.
—– Friday, February 11th —–
10:00 AM: University of Michigan’s Consumer sentiment index (Preliminary for February). The consensus is for a reading of 67.0.