On Tap Today: Attention Riveted on Greenspan's Testimony

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It'll be all eyes and ears on

Fed

Chairman

Alan Greenspan

this morning, as he rocks the microphone with the chart-topping dance mix

Humphrey-Hawkins 2000

. Or something like that.

Elsewhere, traders and investors will be watching the January

Producer Price Index

, a key inflation gauge.

Expected Earnings Reports

(

This table includes S&P 500 companies only. Dates are as expected according to First Call/Thomson Financial, and may change. The full week's earnings calendar is published separately.

)

* Possibly reporting

Economic Data

(

Forecasts are from

Reuters

. Times are Eastern. For a longer-term economic calendar and more, see

TSC's

Economic Databank.

)

  • 8:30 a.m.:Initial jobless claims for the week ended Feb. 12. Source: Labor Department. Forecast: N/A. Previous: 301,000 (four-week average: 276,250).
  • 8:30 a.m.:Producer Price Index for January. Source: Labor Department. Forecast: +0.2% (ex-food and energy: +0.1%). Previous: +0.3% (ex-food and energy: +0.1%).
  • 10 a.m.:Philadelphia Fed Index for February. Source: Philadelphia Fed. Forecast: 11.9. Previous: 9.1.

Testimony and Speeches

  • 10 a.m.: Humphrey-Hawkins testimony. Source: Federal Reserve. Fed Chairman Alan Greenspan speaks on the economy and monetary policy before the House Banking Committee.