Bernanke, CPI, industrial data on tap
Evan McDaniel | [email protected]
The economic reports begin with the weekly ICSC-Goldman same-store sales figures at 7:45 a.m. ET.
The consumer price index for June will follow at 8:30 a.m. ET. Analysts are expecting the CPI to come in at zero, which would be an improvement from May's -0.3 percent. Estimates range from -0.4 percent to 0.1 percent.
Excluding food and energy, the June CPI is expected to remain unchanged from May at 0.2 percent, within an estimated range of 0.1 percent to 0.2 percent.
The weekly Redbook retail sales figure will be released at 8:55 a.m. ET.
Treasury's international capital inflows and outflows will be reported at 9 a.m. ET.
Industrial production figures for June are scheduled for 9:15 a.m. ET. The consensus expectation for production is a reading of 0.3 percent, up from May's -0.1 percent and within an estimated range of -0.1 percent to 0.5 percent.
The capacity and utilization level for June is forecast at 79.2 percent, up from 79 percent in May and within an estimated range of 78.9 percent to 79.4 percent. Manufacturing is expected to show a June reading of 0.2 percent, up from -0.4 percent in May and within an estimated range of 0.1 percent to 0.5 percent.
The housing market index for July will be released at 10 a.m. ET. The consensus estimate is a print of 30, an increase from 29 in May and within a range of 29 to 32.
After Bernanke's 10 a.m. ET remarks, a four-week Treasury bill auction is scheduled for 11:30 a.m. ET.