It should be another interesting day for Data.Calculated Risk has the scoreboard, and what to watch:
• At 8:30 AM, Consumer Price Index for December. The consensus is for no change in CPI in December and for core CPI to increase 0.1%.
• At 9:15 AM, the Fed will release Industrial Production and Capacity Utilization for December. The consensus is for a 0.2% increase in Industrial Production in December, and for Capacity Utilization to increase to 78.5%.
• At 10:00 AM, The January NAHB homebuilder survey. The consensus is for a reading of 48, up from 47 in December. Although this index has been increasing sharply, any number below 50 still indicates that more builders view sales conditions as poor than good.
• At 2:00 PM, the Federal Reserve Beige Book will be released. This is an informal review by the Federal Reserve Banks of current economic conditions in their Districts.
In the meantime, stocks are down.
And the debt ceiling will still be anyone’s talking about.