We’ll get new reports on industrial production (consensus +0.3%), retail sales (consensus +9.0%), housing starts & building permits (consensus 1170K and 1260K), and initial unemployment claims (consensus 1.35 million). See table below for details.
On the U.S. monetary policy front, the Financial Times reports “US Federal Reserve chair Jay Powell delivers his semi-annual monetary policy report testimony before Congress on Tuesday and Wednesday, after announcing a firm commitment last week to keeping interest rates low.”
Overseas, the Bank of Japan meets this week, China reports on retail sales, and new euro zone inflation figures are due out, including updated German producer price indexes.
