Economic Calendar: December 11-December 15

Time (EST) Indicator (click for definition) Source (click for press release) Actual Forecast Previous (revised) Previous (original) Monday, December 11 No releases. Tuesday, December 12 8:30 a.m. International trade for October Commerce Department -$58.9B -$63.0B -$64.3B -$64.3B 9 a.m. Federal Open Market Committee meeting Federal Reserve The Fed's monetary policymaking committee holds its eighth meeting of the year in Washington. Any change in monetary policy will be announced at around 2:10 p.m. 9 a.m. ICSC-UBS Weekly Chain Store Sales Snapshot for the week ended December 9 International Council of Shopping Centers and UBS +1.0% n.a. -2/6% -2.6% 9 a.m. Johnson Redbook Retail Sales Index for the week ended December 9, vs. November Redbook Research +2.5% n.a. -1.7% -1.8%* 2 p.m. Federal budget for November FY '07 Treasury Department -$75.6B -$73.0B -$83.1B -$83.1B (November FY '06) Wednesday, December 13 8:30 a.m. Retail sales for November Census Bureau +1.0% +0.1% -0.1% -0.4% Ex-autos +1.1% +0.3% -0.3% -0.4% 9 a.m. Mortgage Applications Survey for the week ended December 8 -- Market Composite Index Mortgage Bankers Association 721.2 n.a. 647.6 647.6 Purchase Index 463.8 n.a. 426.6 426.6 8 a.m. Consumer Comfort Index for the week ended December 10 ABC News and Washington Post +1 n.a. -1 -1 10 a.m. Business inventories for October Census Bureau +0.4% +0.5% +0.3% +0.4% 1:30 p.m. Treasury refunding Bureau of the Public Debt The Treasury announces the results of its 10-year note auction, at which $8 billion of securities will be sold, with bids due at 1 p.m. Thursday, December 14 8:30 a.m. Initial Jobless Claims for the week ended December 9 Labor Department +304,000 +320,000 +324,000 +324,000 Four-week average +327,000 n.a. +329,000 +329,000 8:30 a.m. Import Price Index for November Labor Department +0.2% n.a. -2.3% -2.0% Export Price Index +0.4% n.a. -0.3% -0.4% Friday, December 15 1:00 a.m. Bernanke speech Federal Reserve The Fed chairman speaks to Chinese Academy of Social Sciences, Beijing on the topic: Chinese Economy 8:30 a.m. Consumer Price Index for November Labor Department 0.0% +0.2% -0.5% -0.5% Ex- food and energy 0.0% +0.2% +0.1% +0.1% 9:15 a.m. Industrial production for November Federal Reserve +0.2% +0.1% 0.0% +0.2% Capacity utilization 81.8% 82.1% 81.8% 82.2% 10:30 a.m. Weekly Leading Index for the week ended December 9 Economic Cycle Research Institute +2.8% n.a. +1.9% +1.8%

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

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