During the first half of this week, Pending Home Sales on Tuesday will be the only economic data reporting.
Import Prices and the Trade Balance will come out on Thursday.
Friday will be the big day with PPI inflation data, Retail Sales, and Consumer Sentiment. The Producer Price Index (PPI) focuses on the increase in prices of "intermediate" goods used by companies to produce finished products. The Retail Sales report is a major indicator of spending levels by consumers, who account for about 70% of economic activity.
Treasury auctions and Fed speakers may also have an impact this week. We will see if the Fed begins to buy MBS notes during the week. It will shape up to be another volatile week!
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