Economic Calendar: January 15-January 19

Time (EST) Indicator (click for definition) Source (click for press release) Actual Forecast Previous (revised) Previous (original) Monday, January 15 No releases because of Martin Luther King Jr. Day Tuesday, January 16 No releases. Wednesday, January 17 8:30 a.m. Producer Price Index for December Labor Department +0.9% +0.5% +2.0% +2.0% Ex- food and energy +0.2% +0.1% +1.3% +1.3% 9 a.m. Mortgage Applications Survey for the week ended January 12 -- Market Composite Index Mortgage Bankers Association 667.2 n.a. 671.1 671.1 Purchase Index 439.7 n.a. 472.8 472.8 9 a.m. Consumer Comfort Index for the week ended January 14 ABC News and Washington Post -3 n.a. -5 -5 9 a.m. ICSC-UBS Weekly Chain Store Sales Snapshot for the week ended January 13 International Council of Shopping Centers and UBS unchgd. n.a. +0.7% +0.7% 9 a.m. Johnson Redbook Retail Sales Index for the week ended January 13, vs. December Redbook Research +2.5% n.a. +1.5% +1.7%* 9:15 a.m. Industrial production for December Federal Reserve +0.4% +0.1% -0.1% +0.2% Capacity utilization 81.8% 81.7% 81.6% 81.8% 2 p.m. Beige Book Federal Reserve The Fed's anecdotal report on economic conditions around the country is for consideration at the Federal Open Market Committee's January 31st meeting. Thursday, January 18 8:30 a.m. Consumer Price Index for December Labor Department +0.5% +0.4% 0.0% 0.0% Ex- food and energy +0.2% +0.2% 0.0% 0.0% 8:30 a.m. Initial Jobless Claims for the week ended January 13 Labor Department +290,000 +315,000 +298,000 +299,000 Four-week average +308,000 n.a. +315,000 +315,000 8:30 a.m. Housing starts for December Census Bureau 1.642M 1.570M 1.572M 1.588M Building permits 1.596M 1.505M 1.505M 1.513M 10 a.m. Bernanke speech Federal Reserve The Fed chairman speaks to Senate Budget Committee on the topic: Long-Term Fiscal Challenges Facing the United States 12 p.m. Philadelphia Fed Index for January Philadelphia Fed 8.3 2.0 -2.3 -4.3 2:30 p.m. TIPS auction announcement Bureau of the Public Debt The Treasury announces the size of its next auction of 20-year Treasury Inflation-Protected Securities, or TIPS, next Tuesday. Friday, January 19 9:45 a.m. Consumer Sentiment Index for January -- preliminary University of Michigan 98.0 92.4 91.7 91.7 10:30 a.m. Weekly Leading Index for the week ended January 12 Economic Cycle Research Institute +4.4% n.a. +4.1% +4.0%

P-Preliminary forecast
*Month through previous Saturday, vs. prior month
Expectations as reported by Reuters

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