by Calculated Risk on 3/16/2025 06:29:00 PM
Weekend:
• Schedule for Week of March 16, 2025
• FOMC Preview
Monday:
• At 8:30 AM ET, Retail sales for February is scheduled to be released. The consensus is for a 0.7% increase in retail sales.
• Also at 8:30 AM, The New York Fed Empire State manufacturing survey for March. The consensus is for a reading of -2.0, down from 5.7.
• At 10:00 AM, The March NAHB homebuilder survey. The consensus is for a reading of 43, up from 42. Any number below 50 indicates that more builders view sales conditions as poor than good.
• Also at 10:00 AM, State Employment and Unemployment (Monthly) for January 2025
From CNBC: Pre-Market Data and Bloomberg futures S&P 500 are down 20 and DOW futures are down 123 (fair value).
Oil prices were unchanged over the last week with WTI futures at $67.18 per barrel and Brent at $70.58 per barrel. A year ago, WTI was at $82, and Brent was at $85 – so WTI oil prices are down about 18% year-over-year.
Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $3.02 per gallon. A year ago, prices were at $3.45 per gallon, so gasoline prices are down $0.43 year-over-year.
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