Slump in retail sales and more economic predictions coming this week
Big week for information and this site will have it all
The Commerce Department will release its retail sales report for December at 8:30 a.m. ET Tuesday, but early warning signs show that it's likely to show a holiday slump.
It took deep discounts to get shoppers into stores this past Christmas season, and cold weather and online shopping cut into what gains they could get to foot traffic. Retail sales should be down by 0.1-0.5%, market watchers say, with the the lag in auto sales being the albatross.
Aside from earnings reports from JPMorgan Chase and Wells Fargo Tuesday morning, other indicators coming out Jan. 14 are U.S. prices for December, the monthly survey by the National Federation of Independent Business, and the business inventory report covering November.
HousingWire will have up-to-the-minute coverage of key earnings reports this week, and here is a rundown of other indicators in the pipeline this week.