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Today's Economic Data Highlights

Tyler Durden's picture




 

Trade and confidence today….There is a $6-8 billion POMO for bonds due 08/15/2016 – 01/31/2018: the battle between reality and central planning continues
 
8:30: The US trade balance for Dec…widening?  We expect a widening of nearly $3bn in the US trade balance for December, due mainly to strong import growth.  This is slightly more than the median forecast, but it is actually narrower than the $4.4bn increase assumed by the Commerce Department for the goods balance in its preliminary estimate for fourth-quarter growth.
Median forecast (of 77) -$40.5bn, ranging from -$43.5bn to -$37.4bn; last -$38.3bn.
 
10:00 (9:55 to subscribers): Reuters/University of Michigan consumer sentiment for Feb (prelim)…a small step up?  Forecasters are looking for this index to show a small increase, putting it close to the 76 high for the expansion reached last June.  The median expectation for inflation five to ten years ahead notched up to 2.9% in January, the upper end of a tight 2.7%-2.9% range that has prevailed since November 2009.
Median forecast (of 68): 75, ranging from 71.5 to 78.5; last 74.2 (Jan final).

via GS
 

 

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Fri, 02/11/2011 - 09:10 | 952361 I Am The Unknow...
I Am The Unknown Comic's picture

I fully expect CNBC to report today that snow prevented the country from exporting but had no effect on imports.

It would be comical if the consumer index increases due to an improvement in employment expectations from all of the snow jobs coming out of the MainStream Media.

Fri, 02/11/2011 - 09:25 | 952379 blindfaith
blindfaith's picture

There are only two reliable sources for information now: Zerohedge and my Tarot cards.

Do NOT follow this link or you will be banned from the site!