Today's Economic Data Docket - Wholesale Inventories, No POMO, Speeches And Government Shutdown
A quiet data calendar to close the week, as eyes are now focused away from Europe and on the hill. Futures are up, commodities are surging, as the dollar destruction continues. There is no POMO.
8:00: Atlanta Fed President Dennis Lockhart speaks on the economic outlook. Q&A scheduled. Mr. Lockhart is not currently a voting member of the FOMC.
10:00: Wholesale inventories (February): Another gain. Wholesale inventories are not a market mover, but they can affect out “bean count” model of current quarter GDP. Higher commodity prices may lift nominal inventory growth for some wholesalers.
Median forecast (of 32): +1.0%; last +1.1%.
10:15: Dallas Fed President Richard Fisher on monetary and fiscal policy. Q&A scheduled. Mr. Fisher is a voting member of the FOMC this year.
From Goldman and Zero Hedge
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