After a bloody week on the Big Board, Wall Street gets set to absorb a whole slew of economic data today.
The prime-time players are the February
Producer Price Index and the
industrial production report. The PPI, a timely inflation gauge, measures the change in prices received by domestic producers of commodities. The industrial production report measures the change in production of the country's factories, mines and utilities. Both indicators should have a significant impact on today's market.
Chipping in off the bench are the February
Housing Starts and
Consumer Sentiment Index (of the preliminary variety) which are due out at 8:30 a.m. and 10 a.m. respectively.
March Madness is in full swing but if economic data continues to slump, the market is gonna need a TO baby!
Forecasts are from
. Times are Eastern. For a longer-term economic calendar and more, see
- 8:30 a.m.:
Producer Price Index for February. Source:
Labor Department. Forecast: unchgd.. Previous: +1.1%.
Ex- food and energy: Forecast: unchgd. Previous: +0.7%.
Housing starts for February. Source:
Census Bureau. Forecast: 1.607M. Previous: 1.651M.
Building permits: Forecast: 1.587M. Previous: 1.724M.
Industrial production for February. Source:
Federal Reserve. Forecast: -0.4%. Previous: -0.3%.
Capacity utilization: Forecast: 79.6%. Previous: 80.2%.
Consumer Sentiment Index for March--preliminary. Source: University of Michigan. Forecast: 89.5. Previous: 90.6.