Monday 16

Empire State Manufacturing Survey-monthly survey of manufacturers in New York State.Consensus 17.5

3 Month & 6 Month Bill Auction

Tuesday 17

Housing Market Index-Produced by the National Association of Home Builders.  This is a survey which is filled out by the members of this organization and it gives their opinion of the general state of the housing market and the economy.

Producer Price Index  PPI Consensus Forecast for June 07: +0.1 percent 

Redbook a timely indicator of consumer spending and also represents about 10% of total retail sales.  This measure tracks weekly sales from discounters, chain and department stores.

4 Week bill Auction

Industrial Production 

Treasury Int'l Capital-measures foreign demand for our debt and assets by tracking flows of financial instruments into and out of the U.S.

Wednesday 18

Fed Chariman Ben Bernanke speaks before the House Financial Services Committee

Housing Starts Consensus 1.450M  Starts slipped in May by 2.1% and so far the consensus points to continued weakness.

CPI-Consumer Price Index- measures average price of a fixed set of goods and services used by consumers.

MBA Purchase Applications measures applications at mortgage lenders.  This is considered a leading indicator for single family home sales and housing construction.

EIA Petroleum Status Report reports on crude oil inventories in the U.S.

Thursday 19

Fed Chairman Ben Bernanke speaks before Senate Banking Committee on monetary policy.

Jobless Claims Unemployment claims. Consensus 310k

Leading Indicators -Consensus -.1%

Philidelphia Fed Survey- Consensus 14.0

EIA Natural Gas Report-Tracks natural gas inventories.

3 , 6 month Treasury Bill, 20 Year TIPS Announcement  Investors use this data to attempt to predict future Federal Reserve policy.

Money Supply

Federal Open Market Committee (FOMC) Notes 

Friday 20

Have a great week!

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