Monday: Retail Sales, NY Fed Mfg, Homebuilder Survey

Weekend: • Schedule for Week of March 16, 2025 • FOMC Preview Monday: • At 8:30 AM ET, Retail sales for February is scheduled to be released.  The consensus is for a 0.7% increase in retail sales. • Also at 8:30 AM, The New York Fed Empire State manufacturing survey for March. The consensus is for a reading of -2.0, down from 5.7. • At 10:00 AM, The March NAHB homebuilder survey. The consensus is for a reading of 43, up from 42.  Any number below 50 indicates that more builders view sales conditions as poor than good. • Also at 10:00 AM, State Employment and Unemployment (Monthly) for January 2025 From CNBC: Pre-Market Data and Bloomberg futures S&P 500 are down 20 and DOW futures are down 123 (fair value). Oil prices were unchanged over the last week with WTI futures at $67.18 per barrel and Brent at $70.58 per barrel. A year ago, WTI was at $82, and Brent was at $85 - so WTI oil prices are down about 18% year-over-year. Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $3.02 per gallon. A year ago, prices were at $3.45 per gallon, so gasoline prices are down $0.43 year-over-year.

Mar 17, 2025 - 05:32
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Weekend:
Schedule for Week of March 16, 2025

FOMC Preview

Monday:
• At 8:30 AM ET, Retail sales for February is scheduled to be released.  The consensus is for a 0.7% increase in retail sales.

• Also at 8:30 AM, The New York Fed Empire State manufacturing survey for March. The consensus is for a reading of -2.0, down from 5.7.

• At 10:00 AM, The March NAHB homebuilder survey. The consensus is for a reading of 43, up from 42.  Any number below 50 indicates that more builders view sales conditions as poor than good.

• Also at 10:00 AM, State Employment and Unemployment (Monthly) for January 2025

From CNBC: Pre-Market Data and Bloomberg futures S&P 500 are down 20 and DOW futures are down 123 (fair value).

Oil prices were unchanged over the last week with WTI futures at $67.18 per barrel and Brent at $70.58 per barrel. A year ago, WTI was at $82, and Brent was at $85 - so WTI oil prices are down about 18% year-over-year.

Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $3.02 per gallon. A year ago, prices were at $3.45 per gallon, so gasoline prices are down $0.43 year-over-year.