- Import Price Index MoM (Released 8:30 EST)
- Import Price Index X Petro MoM (Released 8:30 EST)
- Import Price Index YoY (Released 8:30 EST)
- Import Price Index X Petro YoY (Released 8:30 EST)
- Import Prices TABLE (Released 8:30 EST)
- Advance Retail Sales (Released 8:30 EST)
- Retail Sales Less Autos (Released 8:30 EST)
- Retail Sales X Auto, Building Materials, & Gas Stations (Released 8:30 EST)
- Initial Jobless Claims (Released 8:30 EST)
- Continuing Jobless Claims (Released 8:30 EST)
- Business Inventories (Released 10:00 EST)
Import Price Index MoM (May)
The Fed sees this as imported inflation pouring through the $ channel.
Import Price Index X Petro (May)
Just in case you thought it was all oil.
Import Price Index YoY (May)
The Fed sees this as a relentless assault on inflation expectations.
Import Price Index X Petro YoY (May)
Import Prices TABLE (May)
Advance Retail Sales (May)
Another better than expected report, and the previous month revised up as well.
If anything, the Fed sees the downside risks to growth are diminishing.
Rebate checks may be doing more than the Fed anticipated.
Advance Retail Sales ALLX (May)
Retail Sales Less Autos (May)
Seems to be broad based spending, though still moderate.
Retail Sales X Auto, Building Materials, & Gas Stations (May)
Initial Jobless Claims (June 7)
Back up to the higher end of the ‘new’ range, as the 4 week average remains very steady.
Continuing Jobless Claims (May 31)
The highest report of this cycle, but still far below recession levels. Also, with GDP prospects looking up, the Fed is getting concerned that unemployment isn’t high enough to keep inflation in check.
Business Inventories (April)
Higher than expected and prior month revised up as well. At the point in the cycle this probably indicates inventory is being built to meet higher sales expectations, rather than inventory accumulating due to sales falling short. Inventories have been on the low side, and rebuilding them adds to GDP.