As it happens, there are no statistical releases for today, so we get a slight breather. But we are awaiting some important releases over the course of the week, with the most important of them hitting Wednesday and Thursday.  The highlights of the coming week are as follows:

• Tomorrow’s Import/Export prices is of moderate importance, as is the afternoon’s release of the Treasury budget
• Wednesday brings us the PPI and Retail Sales
• Thursday is the big day of the week, with the release of the CPI, Philly Fed, Industrial Production, and Jobless Claims.
• Consumer sentiment closes the week out on Friday.

Obviously, the inflation numbers for producers and consumers are the key data for this week. The consensus estimate for the PPI is for a –0.1% drop in prices, and a 0.2% price increase at the consumer level.

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Dale Franks
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