Inflation Data in Focus Ahead of March Fed Meeting

Retail sales will also be reported

by Karee Venema

Published on Mar 8, 2018 at 1:15 PM
Updated on Mar 8, 2018 at 1:15 PM

With the Fed set to meet later this month -- and fed funds futures indicating an 86% probability the central bank will raise interest rates at this two-day meeting, according to the CME Group website -- next week's pair of inflation reports will headline a busy economic calendar. Retailers will also be in focus, with retail sales and earnings from several notable names including Dick's Sporting Goods, Inc. (NYSE:DKS) and Ulta Beauty Inc (NASDAQ:ULTA) due out Wednesday.

Below is a brief list of some key market events scheduled for the upcoming week. All earnings dates listed below are tentative and subject to change. Please check with each company's respective website for official reporting dates.

The Treasury budget will be released on Monday, March 12. Earnings from Arena Pharmaceuticals (ARNA), Clearside Biomedical (CLSD), Dynavax Technologies (DVAX), Stitch Fix (SFIX), and Tilly's (TLYS) will be released.

The consumer price index (CPI) is the lone economic report on Tuesday, March 13. Dick's Sporting Goods (DKS), DSW (DSW), Epizyme (EPZM), and GTx (GTXI) will report earnings.

Retail sales, the producer price index (PPI), business inventories, and weekly crude inventories are set to be released on Wednesday, March 14. Earnings are due from 3D Systems (DDD), Express (EXPR), Guess? (GES), Ino Pharmaceuticals (INO), Signet Jewelers (SIG), Vera Bradley (VRA), and Williams-Sonoma (WSM).

The economic calendar on Thursday, March 15, features the Philadelphia Fed business outlook and the Empire State manufacturing survey. Weekly jobless claims, import and export prices, and the National Association of Home Builders (NAHB) housing market index are also due. Adobe Systems (ADBE), Broadcom (AVGO), Dollar General (DG), Jabil (JBL), Ulta Beauty (ULTA), and Zumiez (ZUMZ) will step into the earnings confessional.

In addition to Friday, March 16, being quadruple witching expiration, Wall Street will react to the latest housing starts and industrial production data. The University of Michigan consumer sentiment index and the Job Openings and Labor Turnover Survey (JOLTS) will also be released. Hibbett Sports (HIBB) and Tiffany (TIF) will unveil their quarterly results.

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